12.24 Morning Silk Road:

The overnight Bitcoin has started to rebound again, but it has not truly broken through and stabilized above 96000, so we still need to be cautious about the market rising and then falling back, as there is insufficient momentum for a price increase.

Currently, the charts show that the recent trends of Bitcoin and Ethereum exhibit similar patterns, with the prices rebounding multiple times on the daily chart but failing to break through, eventually falling back to close lower. After a doji star, it turned into a small bearish candle, which aligns with our expectations for a correction. Despite multiple rebounds, the high point around 96500 remains under pressure, further intensifying the intraday volatility. In the short term, further rebounds may still be possible. When confirming the high point of the rebound, one can choose entry positions based on the patterns observed, and the intraday strategy will still revolve around buying low and selling high.

Operation Suggestions

Bitcoin around 94300-94100 for buying, target around 95000-95500

Ethereum around 3380-3360 for buying, target around 3420-3440