Due to today's Christmas, the overall volatility of Bitcoin is not large. Lin Kun also emphasized that the rebound is a short position. Intra-day trading back and forth in short positions is expected to capture 3 waves of trends. Although yesterday's market experienced a rise, the resistance above was too strong, and ultimately it still fell back under pressure, so the overall direction remains bearish!

Today, Bitcoin has a short-term double-top decline, breaking below the neckline, with limited rebound strength, and multiple dips indicate that the bulls are not very strong. What needs to be noted now is that the short-term moving average on the 1-hour chart is starting to cross above the long-term moving average. However, the long-term moving average has not yet turned. If the long-term moving average also turns, it may start a strong rebound. Then the mindset needs to change to go long!

The current trend requires careful observation without rushing for results. Taking it step by step is the most important thing. In the evening, pay attention to the breakout situation around the 99500 line for planning. The market is closed for Christmas, so the volatility won't be too large. Everyone can plan long and short around the 99500-97500 range. The market changes rapidly, so don't have a one-track mind; adapt to the trend as it shifts!

For Bitcoin operations in the evening, Lin Kun personally suggests a sell on the price rebound at 98950-99450, with a target down to 97500. If it breaks, continue to look down; if it doesn't break, you can reverse to go long, targeting an upward space of 1000-1300 points!