On Tuesday evening, Bitcoin began a rally and has now broken through 99,000. However, during the rise, there is no need to become overly inflated; the possibility of a direct takeoff in the short term is low, especially during the Christmas period.
It is expected that this rebound will reach the 100,000-102,000 range, as the overall direction is still in a 4-hour level correction. Although the bullish forces are currently strong, it is anticipated that if the market tests the high points again, it may still face significant selling pressure.
If the upper resistance cannot be broken, there is still a chance for a pullback to seek lower support. Therefore, a rebound of Bitcoin to 100,000-102,000 presents a shorting opportunity, and there will likely be another wave of correction structurally.
Ethereum is also synchronously rebounding to the 3,600-3,650 range for shorting.