Analysis of the market trend and price movement of the large pancake on December 23rd. Initially long, then short along the Silk Road.
From the daily perspective, the current price of the coin is at a bottom state, in a short-term rebound phase after hitting the bottom, with short-term resistance at 96700/97400 above. Throughout the day, the Silk Road is still dominated by high shorts, with low longs as support.
Currently quoted at 95700, one can take a small long position, looking to exit near 96600, and then watch for resistance at 96700 to attempt. If it breaks, we will enter the second layout for shorts, aiming for 94500/93200.