December 27, Friday Bitcoin Morning Market Analysis

Overnight, the price of Bitcoin has not changed much and remains in a low-level fluctuation. Currently, in terms of shape, after the price surged and then fell back, the rebound strength is not very strong, and it is in a weak adjustment phase. There is obvious pressure above while the support below has not continued to break down, so it is highly likely to continue maintaining a range-bound consolidation rhythm during the day.

Strong pressure is still concentrated at the 100,000 mark, with short-term pressure in the 97,000-98,000 range, strong support at 93,000, and short-term support at 95,000. Currently, there are no significant bearish or bullish news impacting the market, so conditions for a large drop or rise do not exist. The approach for now is to treat it as a range.

On Friday morning, if Bitcoin touches 95,000 and does not break, one can go long, looking for a rebound in the 97,500-98,000 range. If it faces pressure, one can continue to enter short positions. Below, continue to pay attention to the two positions at 95,000 and 93,000; if it touches but does not break, one can continue to reverse positions.