On Friday, Bitcoin maintained correction and fluctuated upward;

First: In terms of amplitude, it is temporarily under pressure near 97000 and 97500, which is not strong in amplitude; it can only be said to be a regular rebound correction trend;

Second: Continuity, not very strong; slow bull oscillates upward; but it touches the upper track area and retreats downward, so the continuation of the pullback is not very good;

On the overall market:

1: It is about to enter December, and the market expects the Federal Reserve to cut interest rates again in December; therefore, whether the Federal Reserve will cut interest rates in December is more critical; Lao Xue believes that in December, the market will follow the expectation of a rate cut;

2: The Middle East War and the Russian-Ukrainian War are still in a mess for the time being; the main safe-haven funds in the market have not left the market; therefore, be careful of the counterattack of safe-haven;

3: Technically, for the time being, the end of the month will form a relatively large range of shocks and consolidation trends. Therefore, technically, do not follow the unilateral approach for the time being, and focus on intraday profit-taking and intraday accumulation mode;

From the technical structure, the four-hour signal is temporarily bearish. The shape is under pressure near 97500, and the upper opening pressure position is near 97000. These two pressure positions need to be paid more attention. When they are touched near these pressures for the first time, short-term gambling can be carried out!

Today, the intraday is still stuck. The short-term pressure is concentrated at 97000, followed by the high point of 97500 and the support at 94500!

In terms of short-term operations, the 96500-97000 points can be seen first. The retracement can be seen when it reaches the support.