12/12 Market Commentary

Bitcoin's 4-hour adjustment has not stopped, but the short-term decline is limited, with a near-zero probability of returning to 80,000.

Two "Black Swans" occurred; the first new high was a normal washout, and last night's decline was triggered by media and holder concerns. In the short term, the lower support will be tested, and there may be an upward trend before Trump takes office.

Currently, attention is on the 96,000 support level; if broken, watch the 4-hour 94,700 level to determine the trend.

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