12.26 Thursday's Intraday Thoughts

From the current market perspective, the overall trend of Bitcoin has been fluctuating upward, with a morning high reaching around the resistance area near 99950. However, it is worth noting that the 100000 level remains a strong resistance for Bitcoin, and breaking this position is necessary to confirm the arrival of a rebound.

The four-hour market shows that Bitcoin has been repeatedly hindered by the middle track. After encountering resistance at the upper band of the Bollinger Bands, it broke through the middle track and ultimately closed above it. This trend has disrupted the previous strong upward pattern based on the middle track, leading to a shift from strong to adjustment in the short-term market. Overall, Bitcoin's trading strategy should focus on selecting appropriate high-level positions for short selling.

For intraday operations, it is recommended to consider Bitcoin around 98500-99000, with targets focusing on 97500-97000.

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