(12.23 Monday Afternoon Trend Analysis)

Every year on Christmas Eve, there tends to be a slight drop reminiscent of a program effect, but in the last 5 years (2019-2023), 4 years have seen a bull market after Christmas, with only 2021 experiencing a drop after Christmas; this year seems to be the same. The recent decline has been stronger than the rise, will there be another expected increase after Christmas?

After observing the market stabilize and rebound following the morning trades, I arranged to enter the market, and the strategy was also publicly shared, successfully capturing a thousand-point space. The price of Bitcoin continued its upward trend in the afternoon, peaking around 96500 before facing resistance and pulling back, currently trading around 95200.

Over the weekend, it was mentioned that in the short term, a range-bound fluctuation might occur. To be honest, it did not meet expectations, as the pullback was a bit larger than anticipated. Fortunately, it has not broken below the previous low. From the four-hour perspective, the market is in a weak correction trend, with strong resistance at the middle band of the Bollinger Bands. Despite several attempts, it has not formed an effective breakout. Strong support is located around the 94000 level, and the morning's double-bottom formation stabilized the market, but the continuation strength is not particularly strong. The daily chart shows a doji star structure, with long upper and lower shadows indicating balanced momentum, so this afternoon we will primarily focus on lower trades, avoiding short positions.

Afternoon He Yang's operational suggestions:

Bitcoin: 94500~94800 buy, target 96600.

Ethereum: 3250~3270 buy, target 3400. #比特币市场波动观察 #圣诞行情分析 #本周微策略是否继续增持BTC? #萨尔瓦多将“加速”增持BTC #比特币战略储备 $BTC $ETH