Today's Thought Analysis:

This morning saw a strong rebound, with the weekly line not only recovering its losses but also closing with a strong bullish candle, while also breaking a new high. This kind of price action can be termed an extremely strong pattern!

The current price keeps reaching new highs, continuously refreshing the peak, and each time it pulls back, it quickly completes the recovery. The overall market is mainly driven by Bitcoin, with many altcoins showing little movement. Therefore, friends who are focusing on altcoins should avoid chasing highs and panic selling.

Today, the support for Bitcoin is around the top-bottom conversion level formed over the weekend, near 103200-102800. The overall trend is developing upwards, and in a strong upward trend, we do not talk about tops. After a pullback from the recent highs, there is a small resistance around 105300-105500. Overall, the strategy is to buy on dips!

12.16 Bitcoin Strategy Suggestions: [Analysis Update Time: 12.16 at 15:10]

For Bitcoin, first look for a short around 105300-105500,

Then directly look for a long in the 103200-102800 area, targeting 105000-106000.

For more free real-time investment strategies, trading techniques, operational skills, and knowledge about candlesticks, you can scan the code to follow (WeChat Official Account: Trend Thought Notes)

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