【12.10 Morning Silk Road】

At midnight, the bulls of Bitcoin seemed to have lost their fighting spirit, failing to mount a strong resistance, and the bears took full control of the market. By dawn, the situation grew increasingly severe as the market continued to decline, stabilizing only after touching the 94000 mark. Fortunately, the bulls quickly launched a counterattack, successfully pushing the price back to 97000, demonstrating that this price level has strong support.

A detailed analysis of the market shows that after the high point, the downward trend's cycle has significantly lengthened, occupying a clear advantage in time compared to the previous upward cycle; moreover, the magnitude of the decline far exceeds that of the previous increase, revealing weak characteristics. The current structure and trend are both inclined towards the bears, who still dominate the market. Although a hammer line has appeared at the hourly level, indicating the possibility of a rebound, the overall macro situation has not yet changed.

However, considering the appearance of the hammer line, one can pay attention to the strength of a potential rebound this morning:

Bitcoin: Consider going long when it pulls back to around 97500, with a target set at 99000, taking advantage of the short-term stabilization and bullish momentum to capture rebound profit opportunities.

Ethereum: Enter long when it pulls back to around 3720, targeting 3880, closely following the linked rhythm to ride the wave of a potential rebound.

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