12.25 Wednesday Intraday Thoughts

  From the current market perspective, the midnight Bitcoin has rebounded from a low to the highest line of 99500, but the market has not continued to release upward momentum.

  From the 4-hour chart of Bitcoin, although it is somewhat strong in the short term, technically there is no appropriate upward space, and overall it may still face technical pressure risks. Additionally, a top divergence signal has already appeared in the hourly chart structure, indicating that there will still be a risk of pressure and correction in the short term. However, considering the unstable market sentiment around Christmas, Bitcoin is more likely to choose to oscillate in the short term to digest, which can confirm the validity of the upper pressure while holding back the pace of decline. Whether the market can decline again in the later period will depend on further adjustments based on the actual impact of market fundamentals on the trend. Overall, the operational strategy for Bitcoin should focus on selecting suitable short positions at high levels.

  For intraday operations, it is recommended to focus on Bitcoin around 98500-99000, with targets paying attention to 97500-96000.

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