Morning Thoughts for December 24:

Yesterday, Bitcoin dipped to around 92,500, just 200 points away from the previous low of 92,300, and then started a slight rebound. Currently, the 1-hour MACD has formed a golden cross, and this 1-hour rebound is still ongoing, with expectations that the rebound trend will continue today.

From a daily perspective, the last two days have seen consecutive small bearish candles, with limited decline, and the 60-day moving average has risen to around 90,000. When in the range of 90,000 to 93,000, short-term buying opportunities can be considered to profit from the rebound, after all, Bitcoin's drop to the 60-day moving average usually triggers a rebound.

However, there are currently no clear signals indicating the end of the daily adjustment structure. If a rebound starts at this moment, it will first trend upwards before sliding down again. The short-term resistance level on the 4-hour chart is around 96,000, while the strong resistance level on the daily chart is around 99,000.

Of course, the current short-term rebound space is relatively limited, with an estimated rebound range for Bitcoin of about 3,000 points. More conservative investors are advised to patiently wait for the complete end of this round of daily correction trend for Bitcoin. From the daily MACD indicator, it can be seen that the current daily correction process has only completed about one-quarter.