【2024-12-26 Morning Market Analysis】

Let's take a look at the trend of Bitcoin. Last night we discussed Bitcoin's recent movement, which was in a sideways fluctuation yesterday. We provided two positions for long and short choices. Currently, from a trend perspective, Bitcoin seems to favor the long side, but it has not yet stabilized in the long area. Yesterday, I mentioned that if Bitcoin breaks through: 99924.5, it will restart long positions. This morning at 8:00, Bitcoin did break through: 99924.5 but did not hold and came back down.

Today, Bitcoin is in a sideways fluctuation. From the market analysis, the strength of the long side for Bitcoin is relatively strong, but Bitcoin is currently consolidating at the 99000 position, waiting to build enough momentum to break through the upper resistance level: 99924.5, after which it will restart long positions. Today we are bullish but not trading; we need to wait for an entry opportunity.

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