Evening thoughts on December 24:

Hello everyone, I am your old friend Tan Sen. Today is Christmas Eve, and I wish everyone a happy Christmas Eve. The market fluctuations today are quite unusually stable, which is rather surprising. The price of Bitcoin has been hovering around 94, with an intraday fluctuation of only a few hundred points. The previously planned trades have not yielded significant profits, and the positions have been held for a whole day. Given the current situation, it is better to wait for news from the U.S. stock market. Although the Bitcoin trend appears slightly weak, other altcoins like Ethereum are performing reasonably well. From the intraday market view, after Bitcoin dipped to the key support level of 93525 in the morning, it entered a consolidation mode, with prices fluctuating repeatedly within a specific range. Ethereum, after hitting a low of 3356 in the morning, quickly rebounded, reaching a high of 3433, and then entered a period of consolidation.

From the 4-hour chart perspective, Bitcoin currently has resistance at 95000-96000 above and support at 93000-92000 below. Ethereum has resistance at 3420-3520 above and support at 3350-3280 below. After the market downturn, the overall rebound strength is not very strong, and further downward movements are expected. Since falling below 100,000, it has tested the 92000 level twice, and the trend still leans bearish. The 4-hour chart continues to move downward along the descending channel, constantly being suppressed by the middle band of the BOLL, and only a solid hold above the 96000 level can bring a reversal opportunity. The hourly chart shows that price movements lack continuity, and the resistance above is quite evident, making even rebounds a good opportunity for shorting.

Short Bitcoin at 95000-95500, target 93500-92500.

Short Ethereum at 3440-3470, target 3350-3250.

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