12.21 Weekend Morning Market Overview: Wishing everyone a Happy Winter Solstice!

The Bitcoin closed this morning with a hammer candlestick, and the market may rise today.

As of this morning's US stock market close, the Dow rose 1.17%, the Nasdaq rose 1.03%, and the S&P 500 rose 1.09%; the US stock market is also starting to regain its composure, and cryptocurrencies will gradually follow the US markets to recover and consolidate.

From the favorable news on the 19th turning into negative news, large institutions began to sell off, leading to yesterday's panic selling; the crypto market experienced a black Thursday with a gray swan event, Bitcoin plummeting by 12,000 points, and altcoins suffering even more, with countless halving.

Today is the weekend; will the market rise and recover a bit? If the 4H chart breaks through the resistance line and stabilizes above 98,300, then the market may start to warm up, and Bitcoin will continue its path towards 100,000 for recovery and consolidation; if there is a false breakout, a second test may occur, possibly around 90,000; once the market warms up, enthusiasm and liquidity will increase; if the market continues to pull back, it will be even colder with FUD.

The current market is uncertain, and it is recommended to mainly observe contracts; for spot trading, if you have no positions, you can build positions during the pullback, and for positions above 5 layers, wait for stabilization on the right side to enter; support at 94,320 and 92,535, resistance at 98,625 and 100,482.

The above information is for market analysis only and should not be taken as trading advice; follow me to avoid getting lost, as I provide you with the latest news and point analysis every day, as well as the wealth code you want. Don't forget to follow and like it!

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