The idea in the afternoon was confirmed. This round of decline has no bottom. It took a week or two to rise, and it fell completely in two days. Tan Sen’s point in the afternoon was still too conservative, but the overall direction and trend were confirmed. The market really fell back as it rose, and the trend was exactly the same as the Christmas Eve of last year and the year before.

Thoughts on the afternoon of December 20th:

From morning to now, the price of Bitcoin rose to a maximum of around 97,800 and then fell back after being blocked. The trend of Ethereum is basically the same as that of Bitcoin. The market reached a level of 3464 and then encountered resistance. Judging from the overall trend of the market, the current market is showing a weak pattern, but it has not yet fallen below the bottom support level. It is still recommended to focus on short-term layout for intraday white trading operations.

The price of Bitcoin broke down again in the morning and hit a new low, reaching as low as around 96,000. The magnitude of this correction is considerable. Although bulls have launched rebounds many times, they have failed to continue their strong upward trend, and instead have repeatedly come under pressure. In view of the lack of a strong rebound trend, it is not difficult to judge that the momentum and shape of the bulls have significantly weakened, so it is reasonable for Bitcoin prices to fall below new lows. As far as the current situation is concerned, as the pressure from above continues to act, the bulls have been firmly suppressed by the bears, and the price lows are also moving downwards, which means that at least in the short term, the price adjustment trend has not yet ended. Based on this, the subsequent layout suggestions are still based on short-term bearish ideas to carry out operations.

The big pie is empty at 98800-99200. Let’s look at 95800-96200.
The two cakes are empty at 3430-3450. Let’s look at 3330-3350.

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