December 26 Review

A total of three trays, the big pancake took 5774 points, and the second pancake took 189 points.

Yesterday, Bitcoin encountered resistance and fell back near the 20-day line around 99,000, dropping to a low of around 95,000. It was previously mentioned that 100,000 is a strong resistance level, and the price-performance ratio for chasing up is very low.

From the 4-hour perspective, the MACD crossed bearish yesterday. The 4-hour chart shows a large range with the lower bound at 92,000 and the upper bound at 100,000. We will observe whether it will test the 92,000 level in the next two days, as that position is a short-term low-buying point for some positions.

From the daily perspective, the MACD is returning to the 0 axis. This round of daily-level correction cycle has not yet ended, and we have completed nearly half of the correction time. This should be anticipated. Currently, the 60-day line is around 91,400, and it is expected that the 60-day line will not easily break down effectively. A pullback to the 60-day line is likely to rebound, making it the best low-buying position here.

Summary:

1. A rebound is expected near the previous low of 92,000, suitable for light positions to trade the rebound.

2. Currently, bottom fishing belongs to left-side trading; the daily-level correction cycle has not yet ended. The main theme will be the pattern of decline - rebound - decline - rebound during this period.

The time frame is mid to late January, at which point buying will belong to right-side trading.