12.6 Friday Morning Bitcoin Market Analysis!

This wave of market activity was unexpected, with a deep washout for both bulls and bears. The price dropped sharply from today's high of 104,600 down to around 90,200, falling more than 14,000 points. The increase from yesterday was completely wiped out, and after hitting bottom, it rebounded sharply by over 6,000 points, returning to yesterday's starting point. Currently, the price is stabilizing and fluctuating around 96,000!

From a technical perspective, if Bitcoin cannot rebound and stay above 100,000 during the day after this pullback, the downward trend will intensify. Pay attention to the monthly line adjustments. If it can rebound and stay above 100,000, there will still be opportunities to push for new highs.

If you want to catch the rebound, you can wait for Bitcoin to come down to around 98,500 to buy in, set a stop loss at 97,800, and aim for a take profit near 100,000. If it rebounds and goes above 100,000, you can hold without taking profits for now. If it spikes and then retracts, you can take profits and exit.