Master Discusses Hot Topics:

This year's Christmas Eve truly resembled a sudden fireworks show, with Bitcoin rebounding over $6,000 from its low in just 24 hours, almost breaking through $100k again. Even altcoins danced in this atmosphere, experiencing significant gains.

However, Master reminds us not to rush into singing the praises of the altcoin season; let's not forget that the market is full of ups and downs, which are always within reason.

Looking back at the recent market trends, we can clearly see that although Bitcoin has driven up market sentiment, once the price experiences a pullback, altcoins quickly follow suit and begin to decline. This inevitably brings to mind an ancient saying: "Prosperity leads to decline, as the rising tide lifts all boats."

The arrival of the altcoin season not only requires Bitcoin's warm support but also needs sufficient emotional and capital overflow. This is a grand feast where Bitcoin and Ethereum dance together. For the altcoin season to truly arrive, Bitcoin needs to rise steadily, and Ethereum must maintain strong upward momentum. The combination of these two is the best driving force for sentiment and capital.

But if both Bitcoin and Ethereum are in a pullback, who can still believe that this altcoin season is real? If we are to speak of the climax of the altcoin season, it might still be a bit off. Just imagine, as Bitcoin's pullback deepens, the rise of altcoins is merely fleeting; this feast is far from reaching its climax.

Returning to the topic, from Bitcoin's price data, we can see that the market's panic sentiment gradually eased with the rebound and the arrival of the holiday. The turnover rate in the last 24 hours has halved; although trading activity has decreased, we can still see early investors choosing to exit. Especially those short-term investors who entered at higher prices, their exit actions are particularly noticeable.

For investors with a holding cost above $95k, the recent wave of exits in the last 24 hours is their lament. Especially for those who tried to bottom-fish yesterday, they may have overnight become typical examples of misjudging the bottom.

As for investors with losses exceeding $100k, they are almost the targets of market cleansing, and these individuals are the current focus of market cleanup. Overall, the current support level remains firmly between $95k and $100k. Although it briefly dipped to $92k yesterday, it still stabilized around $97k, indicating that the market's bottom support is not weak.

Looking back at the recent period, the pullback of Bitcoin after the Federal Reserve meeting indeed dampened spirits. The ongoing weak trend seems to give the illusion that Bitcoin is about to collapse, but the overall trend has not changed.

For those who firmly believe in Bitcoin, as the ancient poem says: "Without enduring the bone-chilling cold, how can one enjoy the fragrance of the plum blossoms?" Only by persisting through adjustments can one see new opportunities.

As for the upcoming transition before the old Trump, Master firmly believes that Bitcoin will not significantly break below $90k. Market fluctuations are always a matter of timing; when the market is hot, no one remembers the bears. And in the lows, one should be low-key and focused, doing their own trading without letting market noise disrupt their pace.

Master Looks at Trends:

As Bitcoin retests the $100K mark, volatility may increase. It is necessary to observe whether the market can digest the selling pressure from short-term profit-taking while maintaining a rebound perspective.

Resistance Levels Reference:

First Resistance Level: 98300

Second Resistance Level: 99500

Support Levels Reference:

First Support Level: 97700

Second Support Level: 97200

Today's Suggestions:

The short-term high has been touched twice, forming a double top pattern, and is currently adjusting. If the current closing price of 98.7K can break through the high again, further rebounds can be expected, retesting the 99~100K range.

Due to being in a consolidation range after the rebound, support is relatively tight. If the first support can hold, it can be judged as an area of raising the low points, continuing to maintain a rebound perspective.

If the first support line is broken, since this is an area of raising the low points, the second support line at 97.2K is very critical and must be held. If it breaks, one can sequentially set phase support at 20, 120, and 60 days and attempt to enter short-term trades.

As the trend has reversed, it is recommended to continue maintaining a rebound perspective and look for entry opportunities in the pullback range. The double top pattern has formed, and whether the performance of raising the low points within the adjustment range holds will be the focus of the day.

12.25 Master’s Band Strategy:

Long Entry Reference: Light long positions in the 97200-96855 range. If it pulls back to 95755, go long directly. Target: 98300-99500.

Short Entry Reference: Light short positions in the 102800-104600 range. If it strongly rises to the 106600-107700 range, go short directly. Target: 99500-98300.

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