Bitcoin Market on December 20th

In the morning, Bitcoin dropped to around 96,000 and then rebounded to about 97,700. Currently, the bears seem strong, but don't blindly chase shorts.

Overall, the price may test lower, but the probability of directly breaking below 94,000 is low. Intraday, you can consider 95,000 as a support level; if it stabilizes and rebounds, consider going long.

For shorting strategies, consider entering a short position when Bitcoin rebounds to the 98,000 - 98,500 range; if it retraces to 95,500 without a sustained drop, decisively go long.

Note that the market is volatile, and operational advice is for reference only. Investment decisions should be made cautiously.

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