12/29 #BTC Mainstream Currency Analysis

From the 4-hour chart structure, Bitcoin's decline has shown signs of stopping, but according to the current trend, the market still maintains an effective downward structure. The support level is slowly moving up, while the bears' volume is gradually contracting, and the price is returning to the correction phase.

This process may take some time, with short-term support around 93500. The market may consolidate or pull back around this support. The size of the pullback space will determine the nature of the correction; if the space is large, a deep adjustment may occur; if the space is small, it may primarily undergo lateral consolidation.

After the rebound, if the price touches the upper range of 95600-96500, it can still be viewed as bearish, with the lower targets focusing on 93500 and around 92500.