Last week, at the Federal Reserve's interest rate meeting, Powell's hawkish remarks were like cold water poured on the market! Bitcoin plummeted from around $108,000 to near the $92,000 mark, and today's weekly chart closed with a large bearish candlestick. This is also the first time since Trump won the election that the weekly chart has closed with a large bearish candlestick. Powell's statements about slowing the pace of monetary easing next year to curb inflation led to a decline in global stock markets, while also causing a significant retreat in the crypto market. Additionally, record outflows from ETFs and insufficient liquidity have become key factors weighing on prices.

As the Christmas rally approaches, the market correction continues! The rebound after the plunge on the 20th came to a sudden halt, and the price highs are consistently declining. This wave of downward movement seems more like a slow selling rhythm, and we may not see a clear outcome until after Christmas. Before that, these two days are more suitable for short-term operations, seizing short-term fluctuations to gain short-term profits. Given the currently weak short-term patterns, it is advisable to continue focusing on shorting at highs, while also capturing short-term profit opportunities from any rebounds.

On Monday evening, Bitcoin will continue to reference the resistance area of 97,000-97,500 for shorting at highs. Given the current contraction of the fluctuation space, we will pay attention to the 93,600-94,000 area below; if broken, we will continue to look at around 92,000, while a halt could allow for a reversal to capture short-term rebound space. For Ethereum, the short-term pressure remains around 3,400, while we will pay attention to the area near 3,200 below; a halt will allow for a rebound in sync with Bitcoin. #比特币市场波动观察 #圣诞行情分析 #本周微策略是否继续增持BTC？ #萨尔瓦多将“加速”增持BTC #比特币战略储备