December 27, Friday

The lack of continuation in the trend does not mean that profits are not increasing; a lack of reversal in direction does not mean that a one-sided market has ended! Understanding why the market rises allows for better judgment on when it will fall! Conversely, with a clear major direction and a clear minor direction, trading can remain steady.

Yesterday, the drop in Bitcoin was disappointing. We opened a short position at 98,300, achieving the first target. The trend then continued to decline, testing the 95,000 level but failing to break through. It is unfortunate to be just one step away from the second target. However, our short position had a maximum space of over 3,000 points, which is commendable and adds value to everyone's accounts.

On the four-hour level, the price is operating below the middle track, with short-term pressure on the middle track. If the price does not stabilize above, it will continue to oscillate downwards. We will look at the closing situation at 4 PM; 96,500 is the current dividing line between bulls and bears, which is a key focus for the day. Personally, I lean towards a rebound short.

Refer to the 96,600-96,800 area for short positions, with a target at the 95,200 level. A break below 94,000 is needed. The points are for reference only.

Follow Jiang Wei's public account to avoid getting lost. The only way to relieve worries is through Jiang Wei.

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