【2024-12-26 Morning Market Analysis】
Let's first take a look at the trend of Bitcoin. The Bitcoin market we discussed last night was in a sideways consolidation yesterday, where we provided two positions for long and short choices. Currently, Bitcoin seems to have chosen the bullish side from a trend perspective, but it has not yet stabilized in the bullish area. I mentioned to everyone yesterday that if Bitcoin breaks through: 99924.5, it will restart the long position. This morning at 8:00, Bitcoin did break through: 99924.5, but it could not hold and came back down.
Today, Bitcoin is in sideways consolidation. From the market analysis, the bullish momentum for Bitcoin appears to be strong, but Bitcoin is consolidating its strength at the 99000 position, waiting to break the upper pressure level: 99924.5 before restarting the long position. Today we are bullish but not trading; we need to wait for the right entry opportunity.
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