Bitcoin is now in a continuous downward trend. After hitting the historical high of 108,000 on December 17, it began a round of correction, with the lowest price reaching 92,000, and the maximum retracement of 15%.

Judging from the current trend, the air force still controls the main theme, and the high point is constantly pressing down. The 4-hour level shows a triangle pattern, and the market is about to change. The position of Bitcoin at 93,000 has been broken in the evening, and the short position is better.

Therefore, the rebound on Monday night will continue to be short, supplemented by low and long positions. For short-term resistance, pay attention to the 95,000 area. It only needs to be used as a boundary. In a weak form, the smaller the pullback, the more conducive to the pullback, and even the probability of breaking the range, but if it is recovered by the bulls again, it means that the wide range of fluctuations will continue, and it is not ruled out that the bulls may once again explore the strong pressure of 97,000-98,000.

For the short-term support below, pay attention to the 91,000-90,000 area first. When it approaches or touches it for the first time, consider participating in short-term long positions, and look at the 2,000-3,000 point pullback!

The market conditions are often not in our ideal state. This is the market, and it is also a kind of trading practice. 2024 is really only the tail end, and no matter how hard you pull it, you can't get it back. So let it go, put a period, and welcome the arrival of 2025!