12/21 Bitcoin Ethereum Market Analysis: Last night it fell to $92,000, consistent with previous expectations. The first target for Bitcoin indeed reached $92,000, followed by a rebound, and it is expected that the rebound will have some extent, possibly rising again above $100,000. However, the decline that started from $108,366 has not formed a trending structure; instead, it presents a three-wave declining structure, which indicates that after the first phase of the rise has ended, the market has entered a consolidation phase, and it is expected to continue creating new highs in the future.

The current rebound structure may be a three-wave rebound, and it is expected to decline again after the rebound. In summary, no short positions will be opened for now, and the rebound target may reach above $100,000; for long positions, take profit at $98,000 for 60%, and the remaining will depend on whether it can reach above $101,000 before taking profit.