12.27 Bitcoin Market Trend Analysis:

The market trend shows a weak bearish sentiment, with resistance around the 100,000 mark. The market has plummeted by several thousand points. Currently, the price is fluctuating and consolidating within the 95,000 to 96,000 range. Although there are signs of recovery, it is not strong enough and has not reached the level of a rebound. The repair trend after the decline is evident, but it seems difficult for the bulls to fully regain lost ground. The critical support level at 95,000 has been mentioned before; if it breaks, the next levels to watch are 93,000 and 90,000.

From a technical structure perspective, on the four-hour chart, the market has transitioned from three consecutive bearish candles to a bullish candle, indicating a repair phase. Without a clear trend to drive it, the market's tug-of-war has formed, showing a back-and-forth movement. In the short term, the market has experienced sideways consolidation after the decline, and the momentum of the upward trend is being hindered, making sustained recovery reasonable. However, regaining the previous high seems increasingly challenging. Therefore, on the midnight trading path, we can expect a low before moving higher.

Bitcoin: Watch the range of 95,000-95,500, look for 96,800-97,500; if it doesn't break, then move higher.

Follow the trend of Bitcoin.