December 17th Bitcoin and Ethereum Strategy Analysis
Based on the current market situation, yesterday's market trend once again broke new highs during the morning session, and then entered a phase of consolidation during the day. Subsequently, the market experienced a wave of inducible fluctuations, gradually raising the downward support levels. After the U.S. stock market opened in the evening, the bullish momentum, as expected, once again surged, pushing prices to further break new highs, refreshing the historical peak for the second time during the day, and the overall trend showed a clear ascending channel structure.
From the four-hour chart analysis, the Bollinger Bands currently show a significant upward widening trend, with the lower support level continuously rising, indicating that upward space has been fully opened. From the current situation, the upward pressure is relatively small, and there are no signs of a market top in the short term, with considerable upward potential remaining.
Therefore, in subsequent operations, it is recommended to continue maintaining a low buying strategy to seize investment opportunities during the market's upward movement.
Operation Suggestions:
Bitcoin around 1051000-105600, looking towards 107500-108500
Ethereum around 4010-4030, looking towards 4080-4140
