【2024-12-21 BTC Market Trend】

Currently, Bitcoin has dropped to the first support level we mentioned yesterday: around 91344.3, and has rebounded from there. If this rebound cannot break through: 101400.3, it will continue to decline. If this position can be突破, it will restart the upward trend.

Recently, it's better to do less with contracts; small short positions are not very suitable as they can easily hit stop-losses. From the current market situation, we are still waiting to enter long positions. This deep correction is likely in preparation for a new round of price increase starting when Trump takes office in January.

Around January 20, when Trump takes office, the cryptocurrency market will definitely see a new round of upward movement. Of course, it may also start early. We just need to pay attention to the market trend. If there is a trend of starting, we will layout in advance. Those who previously held spot positions should continue to hold. There is currently no need to exit or reduce positions. Remember, the bull market is still on; this is just a correction in the market. The trend is still bullish, but it is tired, not gone.

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