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Morning analysis on December 23
Yesterday's market trend was highly in line with expectations. After the Bitcoin price retraced and tested the 87800 level, it found support and rebounded, steadily rising to the target area of 90500, gaining 2750 points. Ethereum also followed suit with an increase.
From the 4-hour structure observation, Bitcoin is currently in a bullish energy accumulation phase. Although there has been pressure and pullback after a short-term rise, the market volatility has increased, but each subsequent low point of the pullback is gradually rising, and important support levels have not been broken. The market shows strong buying support; the price continues to run above the middle band of the Bollinger Bands, which are gradually narrowing and brewing upwards, with the oscillation pattern gradually shifting towards a bullish trend, and momentum is accumulating. For future operations, attention can still be paid to long opportunities after pullbacks.
Operation Suggestions
The pancake has pulled back to the vicinity of 88100-87600 for buying, with a target looking up at 89500-90500. If it breaks through, continue to look at 91,000.
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