On December 23, Bitcoin shows short-term weakness and touches the bottom, bulls come as expected!

Bitcoin's overall trend last week was very weak, continuously declining, and accelerated on Thursday. The most concerning aspect of a downward trend is acceleration, as it indicates a bottoming out. Therefore, on Friday, we provided a bullish perspective. However, after breaking through 99,000, the continuation was not high, peaking at around 99,500 and then declining, which led to chasing longs near the 98,500 area, ultimately resulting in being caught in a position. During this process, we added to our position once with an average price of around 97,000. The community also advised against large positions; good risk management is necessary to have a chance to come out. However, currently, the bulls are not yet out of the danger zone, and there are still multiple resistances above. So, patience is required, and we should observe as we move forward.

Overall, Bitcoin is once again testing the bottom and rebounding, without breaking the previous low. However, based on the current trend, a rebound is inevitable; it just needs some time to challenge above 100,000 again. Currently, it is oscillating around 96,000. During the day, we can rely on the 95,700 level to look for upward waves, with resistance points to pay attention to at 97,300 and 98,200.

Throughout the day, we should still focus on the strength of the European session. If the European session is strong, there will be a retest for longs before the opening of the U.S. session. If the European session is weak, then we wait for a bottoming out after the U.S. session before laying out longs. One must endure loneliness to hold on.

For Ethereum, I personally suggest laying out long positions in the range of 3,290-3,300, with resistance to focus on in the range of 3,400-3,450.

As for Dogecoin, since rising to around 0.35000 on Friday, it has been continuously declining. I also sold half at 0.34500 and am currently still holding. Friends who do not have positions can choose to lightly position long in the range of 0.31000-0.31500, with resistance to focus on at 0.34500.

We often get entangled and troubled because we cannot distinguish between opportunity and temptation. Opportunities and temptations often approach us dressed in the gorgeous attire of "opportunity." Emotional people will choose temptation, while rational people will waver between the two.

I am Hong Ding; brokenness only requires attention. Thank you all for your attention and likes. Once I reach over a thousand fans, I will live stream every day to share daily trends and layouts with everyone!