The callback has not yet ended, relying on suppression to maintain the high!

The weekly K line of Bitcoin ended with a large positive candle, suppressed by the upper track and closed with a large negative line. The MACD bullish energy has shrunk, and the KDJ has crossed downwards. Currently, the market is weak and still in a retracement phase. After the daily K line peaked and fell back, it broke through the upper track all the way down, being suppressed by the mid-track, with temporary support at the lower track here. Currently, it is oscillating and repairing around the lower track support, with MACD bearish energy continuously increasing, and KDJ has crossed downwards with three lines moving lower. The market is strongly bearish, showing no signs of stopping the decline, so the operation should focus on high positions.

On the short term 4-hour level, after testing the lower track support, it is rebounding. Currently, we need to focus on whether the support around 93700 can hold. The KDJ has three lines converging, showing signs of a golden cross. On the hourly chart, two K lines broke the lower track and rebounded, closing with a long lower shadow, indicating a double bottom probing. Currently, it is in a rebound phase, and we need to pay attention to the strength of the rebound. The upper resistance focuses on the two positions of 96700 and 97700. If the rebound does not break these levels, it is an opportunity to participate in high positions.

This morning, the support of 93700 has been tested, and it is rebounding, with the current price reaching around 95500. Now we need to pay attention to the suppression situation at the upper levels of 96700 and 97700. Additionally, an important resistance is the daily K mid-track suppression at 99700. If the rebound does not break these positions, it will continue to decline. The lower support focuses on 93700, 92200, and 90200 here.

For intraday operations, participate in high positions around 96700, 97700, and 99700, targeting the lower supports of 93700, 92200, and 90200. Long positions are currently not considered, as we missed the opportunity to enter long at 93700 this morning, and bottom fishing is not considered for now, as there is no sign of stopping the decline during the retracement.

Ethereum's upper pressure is at 3450 and 3520, focus on participating in high positions around here, with lower support at 3220 and 3100.

The above is only a personal opinion, investment has risks, and one must be cautious when entering the market! #圣诞行情分析 $BTC