12.23 Bitcoin

Yesterday's intra-day market continued to show a strong upward trend, and the short opportunities during the evening pullback were precisely realized. With the Christmas holiday approaching, market trading is likely to become lighter, but the trend's focus continues to rise, maintaining an overall bullish tone.

From the 4-hour timeframe, the bullish structure of Bitcoin is significant and solid. Although the short-term market has experienced fluctuations with multiple highs encountering resistance and retreating, the lows during the pullbacks show a stepped-up characteristic. The key support range has not been effectively broken by bears, which fully demonstrates the strong market support during the adjustment phase.

The current price is steadily operating above the middle track of the Bollinger Bands, with the overall shape of the Bollinger Bands showing a convergence upward. This technical pattern releases a clear signal: the oscillation and consolidation rhythm is gradually leaning towards the bullish direction, and the bullish momentum is in a continuous accumulation process.

Today, the main focus is still on buying on dips.
Entry: 87500-88000 Target: 89500-90500$BTC $ETH