12.26 Thursday Afternoon Market Analysis

On Monday afternoon, the market showed a fluctuating trend with high short and low long positions.

The market on Monday did not experience the large ups and downs as expected. The morning session continued to oscillate around a range, with neither bulls nor bears managing to extend their positions. The high point was around 94200, and the low point was in the 93200 area, with the target price around 93800.

In the 4-hour chart, after a significant drop reaching the lower boundary, a bottom support was formed, followed by a small upward movement, but it did not extend further. Currently, it is showing a range-bound oscillation. In the short term, the 93000 level has certain support below. If it cannot effectively break downwards, it is expected to continue in a bullish and bearish range. This afternoon, we will still treat it as a range.

In the afternoon, short positions in the 94000-94300 area, with the target focusing on around 93000. If it breaks, continue looking down; if not, reverse to long positions. #BTC☀