December 24th, Tuesday Morning Bitcoin Market Analysis

At midnight, Bitcoin rebounded from a low point around 92644, surging forward and ultimately reaching a high point around 95430. Ethereum began to rise from a low point around 3296, unleashing its energy without reservation and successfully climbing to a high point around 3465, demonstrating an unwavering determination to push upward and strong market vitality. Midnight’s old Zhang’s strategy once again unfolded as expected, with a take-profit of 145 points on Ethereum, while holding onto Bitcoin.

Analyzing the performance from the daily and weekly candlestick charts, the overall pattern presents a blend of high-level corrections and low-level rebounds. It resembles an intense and exciting tug-of-war, with both bulls and bears engaging in fierce competition at different price levels, each not giving way to the other, resulting in an endless array of uncertainties and deep suspense in market trends. When we turn our attention to the 4-hour chart, we can clearly see an upward trend emerging. However, it is noteworthy that each price dip does not imply falling into a desperate abyss; on the contrary, each dip is followed by a strong rebound. This alternating occurrence of dips and rebounds forms a unique and rhythmic pattern, but the spaces for rebounds and dips are not isolated; they are interconnected and mutually influential. In the short term ahead, we should seize the opportunity for a rebound.

Bitcoin: Can be shorted around 95500-95300 with a short-term target of 93000.

Ethereum: Can be shorted around 3450 with a short-term target of 3350.

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