$BTC 【BTC Market Analysis This Week】12/23
Since we analyzed the market system yesterday over the weekend, I will take it easy today and not say much. Market support is seen at 92000 and 90500. The current trend of the market is a downward trend; however, the lowest point has not broken last week's lowest point of 92280 and the lowest point of the non-farm data on December 6 at 90500. The overall trend in December is still a fluctuating upward trend, with the larger trend being bullish.
The market will be closed for Christmas on the 25th. The first three days of this week are generally expected to fluctuate between 92000-98000, but we need to be cautious of the possibility of an early pump, especially since the US market opens on the 26th. However, capital behavior is often proactive; the Fed's decision to lower interest rates is inherently good for the market, but capital might use Powell's statements to prompt an early Christmas sell-off.
If you think there will be a sell-off before Christmas, you are likely to fall into a trap.
Important words repeated: This week's trend is bullish.
