BTC Market Analysis on December 21st 🚩

Yesterday, Bitcoin experienced a sharp drop but rebounded back to the consolidation zone. The daily line's retracement trend remains unchanged, with an important resistance level at 98371.99000 and a support level at 101227 for both bulls and bears. To continue the upward momentum, it first needs to break through the upper pressure of the consolidation zone at 98371. Only by breaking the daily resistance at 101227 will there be a chance for a second upward surge.

Currently, the four-hour level has also started to rebound, indicating that this rebound is not yet over. Shorts should pay attention to the upper resistance levels and manage their positions well, while the lower support to watch is at 96374. As long as the four-hour level closes below this position, it will indicate the end of this rebound, leading to a second downward test of the support at 94137.92338. The pin point remains unchanged at 90286.85589.