$BTC
Bitcoin Analysis, December 31.
Looking back at the previous situation, yesterday Bitcoin's small-level support at 94,000 was broken, falling to 91,500 and rebounding to the large-level support at 95,000. It appears that the support at 91 and 92 is still strong. Currently, Bitcoin is in a downward fluctuation channel; the overall direction remains unchanged with a bullish outlook for January, but the short-term market is unclear, so small funds should trade in segments.
Market Data:
The main players lack confidence in the future market. Yesterday, Grayscale and Fidelity sold a total of 3,080 BTC, while several major institutions saw a total outflow of 4,040 BTC. Notably, BlackRock did not sell any yesterday.
Technical:
Last night, Bitcoin hit the 60-day moving average for consolidation. The subsequent direction looks good if the 60-day moving average can hold. If it cannot hold, then the violent rebound from the 91 and 92 bottoms would not be valid, and it could drop to 90,000 or even below 90,000.
Today's Operation:
Buy near 91 and 92, short near 95, setting a stop-loss of one point.