12.24 Insights:

From the current market perspective, both Bitcoin and Ethereum have shown similar patterns in recent movements. The price ratio has rebounded multiple times on the daily chart but failed to break through, ultimately retreating and closing lower. After a doji star, it turned into a small bearish candle, aligning with our expectations for a corrective pullback. Despite multiple rebounds, the high near 96500 continues to face pressure, further intensifying the intraday volatility.

On the 4-hour chart, the price ratio continues to show a downtrend characterized by a step-back pattern, with certain rebounds following each dip. A previous dip touched around 92000, followed by a rebound to 99500, indicating that the rebound space is related to the extent of the downward movement. Currently, there may still be potential for further short-term rebounds. When confirming the rebound high, entry positions can be selected based on the patterns, and we will adopt a low-buy high-sell strategy.

For Bitcoin, buy directly at 92000-92500, aiming for 95000-96000. If it doesn't break, go short immediately, looking further down to 93000.