Currently, everyone is paying attention to whether Bitcoin can stretch after US President Trump takes office? Market participants are closely watching the non-farm data, ADP employment report and the minutes of the Federal Reserve's December meeting to be released next week to judge the interest rate outlook for 2025. If the data is weak, it may increase market expectations for the Federal Reserve to cut interest rates, thereby supporting Bitcoin prices. Conversely, if the data is strong, it may suppress the rise of Bitcoin.

Looking back at the opening of the U.S. stock market yesterday, the bitcoin market also fluctuated in a wide range after the opening. The price fell under pressure and failed to break the effective support. The bulls also began to continue to rise. Yesterday, the idea was to buy long orders near 94,500. The U.S. stock market opened high and Bitcoin continued to rise, reaching the highest level of 97,800, which also perfectly reached our stop-profit point.

From the daily level, the market rebounded to 97,800 and was under pressure. If the daily MA20 pressure breaks through, it may test the 100,000 mark above. At present, the callback does not necessarily lead to a bearish trend. It is not recommended to enter the short position aggressively. In the short term, the rebound strength of the head and shoulders bottom neckline is seen. In the four-hour period, it is still in the middle and upper track. If the price continues to probe above 970 or stabilizes, the market is still dominated by a bullish trend. Pay attention to the stabilization of the 98,000 line during the day. Short-term shorts can be short near 980, or mainly sell high and buy low.

Buy longs at 958-960 when the market callback breaks 945 to cover long positions Focus on 980 and break through 990

The second cake will pull back to the 3380-3400 range. The target is 3550. The defense is 3320$BTC