Tuesday Evening Insights: Wishing everyone a Merry Christmas Eve, Bitcoin continues to look bearish this evening!

I have long said not to hold Bitcoin; although the rebound is strong, the overall trend has not reversed. Bitcoin surged and then pulled back, with a daily target of 95500 to continue shorting. The price has fallen as expected, capturing over 1200 points of space, and the evening rebound should still be short!

The 1-hour moving average for Bitcoin continues to diverge downwards with a death cross; without a reversal, we should continue shorting. The market is under pressure around 65000 and will drop. A rebound after a significant drop is normal, but if the rebound is not strong, then the bullish trend is just fleeting, and the rebound continues to provide opportunities for shorts!

For the evening operations on Bitcoin, my personal suggestion is to short the price rebound at 94350-94850, targeting a drop to around 92000-91500!