Since yesterday, there have been continuous short signals. Although it is Christmas, I still emphasize that shorts must be sold. The current decline has reached 3,000 points, and the real market has been successfully closed.

MicroStrategy announced that it will issue more shares next year to purchase more Bitcoin, which should be the biggest reason for the market's rise. Then, wisdom is in the eye of the beholder; since the Bitcoin halving, the intensity of the rise has basically been exhausted, and many speculate that the peak of Bitcoin should be in January 2025. There are many who pour cold water on the Bitcoin reserve plan, so with so many uncertainties, is it worth betting on the tail of the bull for a bit of profit? Did the senior management of MicroStrategy lose their minds, or is there something else going on?

In the short term, the 4-hour price is unable to break through the pressure from the 99-day moving average above. The CCI has fallen from the 100 range and is turning downwards, with the main force showing a dominant outflow of sell orders. The liquidation of long positions in the past 24 hours has been particularly severe, so this tense situation is worrying for long positions. Attention should be paid to the clearing near 98128; if the support breaks in the afternoon, the short positions held overnight could not only turn danger into safety but also yield a substantial profit.