12.22 Sunday Midnight Thoughts
The midnight still maintains the intraday outlook, we are targeting around 97000 for Bitcoin, looking at 95000. The evening market has dropped to around 95000, which perfectly anticipates this evening's trend, and we have captured nearly 2000 points in this movement.
From the current perspective, the 1-hour moving average for Bitcoin continues to diverge downwards. Bitcoin has now retreated to around 95000, and the current rebound is normal; the rebound is just a correction of the market. Following the trend is smooth, while going against it is chaotic. Bitcoin is still in a downward trend, and any price rebound can be seen as an opportunity to re-establish a short position.
In terms of operations, it is recommended to short Bitcoin around 96000, with a target focus on 94500-94000.
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