Monday Evening Analysis

Bitcoin is currently in a rebound from an oversold condition, attempting to open an upward channel.

There is strong resistance at the 97,500 level above, and once broken, it will likely test the 102,000 position again.

The series of operations being conducted is aimed at testing the previous 4-hour support level at 98,000 to confirm the effectiveness of the upward channel, which has been confirmed to be a valid breakdown, thus initiating a waterfall retracement.

Returning to the upper selling pressure in the range, it seems quite strong, and tonight, it is expected that Bitcoin will find it difficult to reach the 97,000 position before further retesting the lows.

As for tonight, 96,000 could be considered for entering a short position for the first time! #圣诞行情分析