12.16 Midday Bitcoin/Ethereum Analysis A New Week Starts with BTC Breaking Above 106000 to Create New History
During the early morning, Bitcoin and Ethereum bulls surged, and currently, the mainstream strong momentum has set a good tone for the market this week. On the weekly chart, the current upper Bollinger Band is opening up, and the KDJ and MACD golden cross continue to strengthen, while the main chart MA5 and MA10 daily moving averages continue to rise this week.
On the daily chart, today's KDJ continues to rise with a golden cross, and the overall BOLL is fluctuating upward. The three-day moving averages in the main chart continue to arrange upward with different amplitudes (the increase of the MA30 daily moving average is accelerating). Therefore, in the short term, we still see bullish sentiment, while the intraday short-term trend is expected to be fluctuating (as there has already been a surge in volume in the morning, the afternoon and evening market volume will relatively weaken). The operational idea is still to accumulate on dips. A strong support has formed around the 104500 line, and the midday pullback is consolidating around this line. From the four-hour level, bulls are still increasing volume, and the price is adhering to the upper Bollinger Band with consecutive upward movements. There is no obvious resistance above, and in the afternoon, we still expect the bulls to continue and create new highs. Specific points of reference are as follows:
Monday Afternoon Operational Suggestions (Writing Time 14:30)
BTC: Buy around 104200-103200, target 106200
ETH: Buy around 3940-3900, target 4040
The above is my personal intraday market analysis.
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