After reaching 108,400, the price of the big cake began to fall continuously. In my review article yesterday, I have reminded that a slight increase replaces sideways consolidation, and waiting for the direction to choose to suck blood and pull the market should be wary of stepping back. In fact, as long as it is not a sharp drop, the current drop of a few points is good for the development of the long bull market of the entire market. After all, some profit-taking plates need to realize profits. If you are still liquidated after falling by these points, you really need to think about your trading strategy.

If you can't learn from the liquidation, it will continue to explode later. In addition, I also warned yesterday not to open contracts. It is not appropriate to open contracts at this point. How will the market develop next and what are the initial signals of stopping the decline? We can discuss it. Note that this article is only a personal review and does not constitute any investment advice. Please pay attention and check it every day.

There is no big scale in the fundamentals of Bitcoin. Yesterday, the King of Understanding also called for good news. Institutions are also continuing to increase their holdings. It is expected to consolidate around 100,000. In the long run, it will continue to rise. The continuous decline is also without volume. It can be regarded as continuing to consolidate in this range. All the rises must be consolidated before moving to the next step. On this basis, if it can be inserted below 100,000, it can be entered in batches, and it will be received until 85,000. $BNB is predicted to fluctuate around 700. BNB's way of moving is suitable for grid trading. Ethereum has a callback and consolidation. The callback is also brought by Bitcoin. There is nothing strange. In the short term, as long as Bitcoin does not cheat people, Ethereum $ETH will definitely rise successively. Below 3,700 is actually very suitable for small-scale long-term fixed investment. When it returns to above 4,000, those who are timid can sell some and wait for a callback. Dogecoin $Doge has been mentioned before. As long as there is no Lao Ma shouting, it will fall. Coins with too high human interference factors are difficult to operate. At least it will fall well recently. There is still a chance to rise in January.

Back to today's daily $BTC market analysis, from the K-line, the 1-hour level is down, the 4-hour level is down, the 12-hour level is down, the daily level is down, the intraday pressure level is 103,000, and the support level is 975,000 US dollars.