12.17 Afternoon Analysis
From the 4-hour candlestick trend, the Bollinger Bands are opening upward, indicating a solid dominance of the bulls. However, the KDJ indicator has not been able to maintain its expansion after the three lines crossed, suggesting that short-term bullish momentum has weakened, and the upward trend may gradually slow down. Nevertheless, the overall trend remains bullish, with Bitcoin continuously hitting new highs. The current high is a good number, at the 107777 line, and the 110,000 mark is still a bit short; this trend has hopes of breaking through this week.
Trading Suggestions:
Bitcoin: Watch around 106000, aiming for around 108000.
Altcoin: Watch around 3960-3980, aiming for around 4150.
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