【12.6 Wan Bing Morning Silk Road】

Bitcoin over 96,000, looking at 98,000-100,000.

Ethereum 3,740-3,760, looking at 3,900-4,000.

After the price of Bitcoin soared to 104,000 USD yesterday, it began to decline. After the trading session in the U.S. market, the price of Bitcoin plummeted, dropping to nearly 90,000 USD.

This kind of plummeting phenomenon is the first time in Bitcoin's history, and the washout is too obvious; describing it as a 'Heaven and Earth Needle' is just about right.

Currently, from the 4H line technical indicator chart, the running channel continues to form a downward opening state, with prices testing weak recovery up and down. The short selling volume is arranged in a shrinking consolidation, and the moving average has a certain retracement indication. In the small cycle shape, it continues to show weakness, entering a phase of oscillation and repair. Therefore, we can start to lay out long positions at low levels and wait for the rise.