Thoughts at noon on December 24:

In the morning, the price of Bitcoin showed an overall downward trend, sliding from around 95480 to around 93500, and has now rebounded to around 94100. From the daily level, Bitcoin continues to close with a negative line, and the support level around 92700 should be focused on below.

In terms of the 4-hour structure, the Bollinger Bands show an opening and downward movement. The 1-hour structure shows that the MACD indicator double lines are running underwater, and the upward momentum is obviously insufficient. Through in-depth analysis of the technical structure, in the current four-hour level trend, the oscillating downward trend is still continuing. The middle track has a relatively strong suppressive effect on the price, and the bulls appear weak and powerless in the upward process, and have failed to successfully recover the lost ground. Although there are signs of a rebound in the short term, it has not achieved a stable stabilization and continued trend, but has shown the characteristics of a weak decline. This change in the negative trend has revealed the signs of a market turnaround. Therefore, at the operational level, Tan Sen recommends taking rebound shorting as the main strategy. Be cautious in operation and do not blindly buy the bottom.

Big cake: short around 95200-94800, target around 93500-92800

Second cake short around 3430, target around 3365-3340

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