The callback has not yet ended, focusing on suppressing the high position!

The weekly candle for Bitcoin ended with a large bullish candle followed by a significant bearish candle under the pressure of the upper track. The MACD bullish momentum has decreased, and the KDJ has formed a death cross pointing downwards. Currently, the market is weak and still in a pullback phase. After the daily candle peaked and fell back, it broke through the upper track and is now facing pressure from the middle track, with temporary support at the lower track. Currently, it is fluctuating and correcting around this lower support, with MACD bearish momentum continuing to increase. After the KDJ death cross, the three lines are moving downwards, and the bearish momentum in the market is strong with no signs of stopping. The main operation is to focus on short positions.

In the short-term 4-hour level, after testing the lower track support, there has been a rebound. Attention needs to be paid to whether the support around 93700 can hold. The KDJ has three lines close together, indicating a potential golden cross. On the hourly chart, two candlesticks broke through the lower track and rebounded, forming long lower shadows, hinting at a double bottom. Currently, it is in a rebound phase, and the strength of the rebound needs to be monitored. The upper pressure points are at 96700 and 97700; if the rebound does not break these levels, it presents an opportunity to participate in short positions.

This morning, the support at 93700 has been tested, and a rebound is occurring with the price currently around 95500. Now, attention needs to be paid to the upper pressure at 96700 and 97700, and the important resistance is the middle track pressure of the daily candle at 99700. If the rebound does not break these levels, it will continue to decline. The lower support to watch is at 93700, 92200, and 90200.

For intraday operations, participate in short positions around 96700, 97700, and 99700, with targets at lower support levels of 93700, 92200, and 90200. Long positions are currently not being considered; having missed the opportunity to go long at 93700 this morning, bottom fishing is also not being considered as there are no signs of stopping the decline during this pullback, so it is not the right time for bottom fishing.

For Ethereum, the upper pressure points are at 3450 and 3520, participating in short positions around these levels, with lower support at 3220 and 3100.

The above is only personal opinion; investing involves risks, and caution is required when entering the market! #圣诞行情分析 $BTC