12/24 Bitcoin Ethereum Market: The first phase of Bitcoin's rise from $57,000 to $108,366 has ended, and it is currently in a correction phase. The duration of the correction is expected to exceed 15 days, and it has already been in correction for 6-7 days.
Due to the uncertain structure of the correction, it is recommended to adopt short-term swing trading. It is not advisable to blindly short during the correction phase. Currently, short-term long positions can be considered, but be aware that the correction may include multiple phases, including an A wave decline followed by a B wave consolidation, and there may be further declines in a C wave afterwards. The B wave may manifest in a flat or triangular structure, with a rebound potentially reaching around $98,000, but the specific trend is uncertain. Therefore, it is advised to engage in short-term trading to avoid holding positions for long periods.
In summary, the overall oscillating correction will exceed a 15-day time frame, during which the focus should be on making small swing trades, taking a profit and leaving, without overextending.