Surging on Christmas Eve and continuing to rise on Christmas Day, it can be said that nearly half of the recent decline has been recovered. However, after the holiday, Bitcoin faced strong resistance at 100,000, experiencing pressure and a pullback. It has attempted to breach 100,000 four times, and today it welcomes another correction, indicating that 100,000 will be a significant hurdle towards the end of 2024.

In the short term, Bitcoin is slowly declining. After breaking the 98,000 support level, there are still signs of a correction. The short-term support is in the 97,000-97,500 range, while the key four-hour support is at the middle Bollinger Band around 96,500. Next, we will see the magnitude of this correction and the support situation.

Slow rises and slow declines are the most lethal. Everything can be determined based on real-time market conditions. In 2024, as it approaches the annual close around 100,000, be wary of black swan events. In terms of operations, it is still advisable to maintain a strategy of buying low while keeping high positions.

Buy in the 96,800-97,300 range, targeting around 99,000, in sync with Ethereum!