12.25 Early Morning Thoughts
We review last night's market movements. After breaking through the four-hour level resistance, the market has shown a four-hour level rebound. We can see that this round of rebound is particularly strong, and its impressive momentum is astonishing! Christmas market trends generally do not pull like this. Before the US stock market holiday, big players stealthily manipulated the market, burying retail investors!
We observe that the current shorts are in a terrible situation! The evening thoughts of Zhenkang see a rebound in shorts, narrowly escaping the market's cleansing! The remaining shorts are likely to be wiped out!
Of course, for the future market, we still need to maintain a positive mindset. Avoid letting emotions affect operations.
We judge that the market may still see a pullback. Here we focus on the small level support zone of 95000 - 95500. If it doesn't drop to this range, we will continue with the rebound strategy and look to buy; if it unfortunately closes below the important level of 95000, then it means this round of rebound has temporarily come to an end.
The market will enter a new adjustment phase. There might be a period of sideways movement, and some degree of decline may occur, but in any case, this will mark the end of the current round of rebound.
Suggestions
Short at around 98300--98500 for Bitcoin, looking down to 96800.
Short at around 3500-3515 for Ethereum, looking down to 3425.
