【12.10 早间丝路】

At midnight, the Bitcoin bulls seemed to have lost their fighting spirit, failing to mount a strong resistance, and the market was fully controlled by the bears. As dawn approached, the situation became increasingly severe, with prices continuing to decline until reaching a low of 94,000 before stabilizing. Fortunately, the bulls quickly launched a counterattack, successfully pushing the price back to 97,000, highlighting the strong support at this level.

Upon close analysis of the market, after the high point retracement, the cycle of the downtrend has significantly prolonged, occupying a clear advantage in the time dimension compared to the previous uptrend cycle; moreover, the magnitude of the decline far exceeds the previous gains, clearly revealing weakness. The current structure and trend are both leaning towards bearishness, with bears still holding the dominant position. Although there has been a hammer candlestick pattern at the low hourly level, indicating the possibility of a rebound, the overall large pattern has not yet changed.

However, given the appearance of the hammer candlestick, it is advisable to pay attention to the strength of a potential rebound in the morning:

Bitcoin: Consider going long near the 97,500 level, with a target set at 99,000, taking advantage of the short-term stabilization and the bulls' accumulation to seize the opportunity for rebound profits.

Ethereum: Enter long when it retraces to around 3,720, targeting 3,880, closely following the linked rhythm and riding the potential rebound.

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