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BTC and ETH Morning Analysis for December 18
BTC saw a strong surge, breaking through the key resistance at 91,500 in one move, with the bulls officially regaining absolute dominance in the market! With this crucial level decisively breached, the market has now fully entered a new price discovery range, further strengthening the trend structure.
This round of breakout is not driven by emotion, but is based on solid volume and price resonance: moving averages are firmly aligned in a bullish arrangement, providing sustained upward momentum; the ascending trendline structure remains intact, with the central axis continuously rising, and the trend base is solid; proactive buying continues to enter, with a clear bullish bias in the capital flow, pushing prices steadily higher.
With momentum continuing to build, the market is likely to open up further upside potential, aiming for the next target region. Current swing opportunities are prominent, and those holding long positions should maintain a trend-following approach, watch for support on pullbacks, and continue to follow the trend as a priority.
Personal suggestions
BTC: Go long at 90,000-90,800, targeting 91,500 and 92,000; if a breakout occurs, look for 93,000.
ETH: Go long at 3,050-3,080, targeting 3,150 and 3,200; if a breakout occurs, look for 3,300.
$BTC $ETH $GT