The market in the early morning showed a decline, with Bitcoin falling to around 92464. The short-selling strategy we previously suggested for the rebound has been realized. From the 4-hour chart, the price previously reached a low of 92272, as mentioned in last night's analysis, this bottoming rebound was anticipated, and the strength of the rebound depends on the depth of the decline. The bottoming rebound in the early morning has strengthened the rebound momentum, allowing Bitcoin to directly break above the mid-range of yesterday. In practice, when the price was unlikely to decline further, we directly went long on Danbu orange, and we have now taken profits.

From the current market perspective, on the daily chart, Bitcoin has once again formed a doji candlestick, while Ethereum closed with a full-bodied bullish candlestick. The market trend still maintains a bearish outlook. Although there was some rebound during the day, each rise has become a good opportunity for short-selling. Currently, the technical indicators show that the price is in a consolidation phase, and affected by the Christmas holiday in the US stock market, it is quite difficult for bulls to further rebound and recover lost ground. Key attention should be paid to whether the support at the 92000 level can be broken. Looking at the 4-hour chart, the market is showing a series of bearish candlesticks, further confirming the dominance of the bears. Moving forward, we will stick to the strategy of short-selling on rallies; if the market continues to rise and stabilizes at key resistance levels, the strength of the rebound may further increase; if it cannot break through, the market today may still maintain a range-bound oscillation.

Short Bitcoin at 95000-95300, target around 92500.

Short Ethereum at 3430-3460, target around 3350.