Good morning on a new day, Tuesday, December 31!

Overnight, Bitcoin's market dropped to around 91,500 after breaking below the short-term support at 92,500, and then it once again showed a fluctuating market trend. Continuous short positions were set up in the ten exchanges, and after capturing over 4,000 points, the fourth short position was also established. However, the price quickly rebounded to around 95,000 and then rapidly fell to 91,800, resulting in a loss of over 900 points for short positions, and Ethereum stopped out with a loss of over 60 points, clearly getting washed out again.

Currently, looking at the daily level, Bitcoin has been under pressure since falling from around 108,000, with the K-line forming a clear downward curve. The bearish bars are arranged downward, and in terms of technical indicators, all the moving averages are crossing downward, with the MA7 line suppressing the price movement. Market selling pressure has caused the price to oscillate downwards. As the market further drops below the support level of 92,500, the next important level is the psychological barrier at 90,000. As long as it can hold this level, there may still be strength for a counterattack; otherwise, the bearish trend will continue to push out new lows. Currently, the MACD is still in a downward cycle, and the oscillating volume bars show some convergence. An important point here is that if the price continues to oscillate down and becomes lower, but the technical indicators undergo some repair through this oscillation, then the impact on the upcoming market will make the time for reaching new highs longer. On the 4-hour line, the continuous large bearish candles switching back and forth make the short-term pattern difficult to decipher. However, it should be understood that the market has not changed its downward structure, with 95,000 forming new resistance. Until there is a clear turning point, operations should still mainly involve short positions for safety.

On Tuesday morning, Bitcoin rebounded near 93,200, continuing short positions, adding to short positions at 94,500, with the target unchanged at the 90,000 level! In the meantime, there may be fluctuations, and short positions should be focused on short-term trades, while also implementing risk control and remembering not to be greedy. #2025比特币价格预测