Early morning urgent analysis

On Wednesday night, Bitcoin was bearish from 96,300 to 97,600, and gained 1,600 points in the short term! However, the market is changing rapidly. At present, Bitcoin has rebounded again and climbed above 99,000. In this situation, it is not wise to open a short position again.

To be honest, I am not used to this calm trend today. It was Christmas Eve on Tuesday and Christmas on Wednesday. Globally, most foreign investors were immersed in holiday celebrations, and trading enthusiasm dropped sharply, causing Bitcoin to fall into a long-term oscillation pattern. This calm trend is in sharp contrast to the usual volatility, which is really a bit at a loss.

In terms of direction, the overall logic remains unchanged. The US dollar is strong and Bitcoin is under pressure. In the short term, the technology shows a triangular convergence oscillation, and the overall weakness is the main trend. The idea of ​​shorting at highs is still effective.

However, given that Bitcoin quickly recovered its lost ground after falling last night, according to market rules, it is highly likely that there will be a rebound in the early morning of Thursday. Therefore, when investors are planning short-selling strategies during the day, they must not be aggressive and reckless. They must carefully consider the timing of entry based on the magnitude of the rebound and the specific time node.

The short-term pressure level is still 100,000. I personally expect it to break 100,000 before falling.

In the early hours of Thursday morning, Bitcoin rebounded to 100,500-101,000 short, with a target of 98,000-97,500,

Ethereum rebounded to 3570-3600 short, with a target of 3450-3400!