After Bitcoin reached the position of 108400, it began to decline continuously. I already reminded in my review yesterday that a slight rise replaced the sideways consolidation, waiting for directional selection, and we should be cautious of a pullback during a blood-sucking rally. In fact, as long as there is no crash, a drop of a few points is beneficial for the overall long-term bull market, as some profit-taking is necessary. If you get liquidated after a drop of a few points, then you really need to rethink your trading strategy.

If you can't learn anything from liquidation, it will continue to happen in the future. Additionally, I warned yesterday not to open contracts at this level, as it is not appropriate to do so. So how will the market develop next, and what are the initial signals for a stop in the decline? This can be discussed. Note that this article is just a personal review and does not constitute any investment advice; please follow for daily updates.

Regarding Bitcoin, there is no significant fundamental change, and yesterday the 'understanding king' also called for positive news, with institutions continuing to increase their holdings. It is expected to consolidate around 100000, and in the long term, it should continue to rise. Continuous decline is also without volume, which can be seen as continued consolidation in this range. All rises must solidify before moving to the next step. Based on this, if it can dip below 100000, you can gradually enter the market with spot purchases, directly reaching 85000. For $BNB, the prediction is to maintain fluctuations around 700, and the way to trade BNB is suitable for grid trading. Ethereum is in a correction and consolidation phase, with the pullback being led by Bitcoin, which is not surprising. As long as Bitcoin does not let people down in the short term, Ethereum $ETH will definitely rise continuously. Below 3700 is actually very suitable for small long-term investments. Once it returns above 4000, those with a low risk appetite can sell some and wait for a pullback. Dogecoin $Doge has been mentioned before; as long as there is no call from 'Old Horse,' it will continue to decline. Coins with high human interference factors are difficult to operate, and at least it needs to drop well recently, but there is still an upward opportunity in January.

Back to today's daily $BTC market analysis, from the K-line perspective, the 1-hour level shows a decline, the 4-hour level shows a decline, the 12-hour level shows a decline, and the daily level shows a decline, with an intraday resistance level of 103000 and a support level of 975000 dollars.