【2024-12-25 BTC Trend Analysis】

Currently, let's talk about the current situation of Bitcoin, how we view it, and the upcoming trend.

Currently, Bitcoin is in a sideways consolidation at this position, and the market makers have not yet chosen a direction, whether bullish or bearish. Here, I'll provide two levels to help you distinguish between bullish and bearish scenarios.

Upper Resistance: 99924.5 (image description error)

Lower Support: 95796.4 (image description error)

Current Screenshot Price: 97929.7

If Bitcoin breaks above the upper resistance: 99924.5 on the daily chart, it will initiate a new round of upward movement (bullish start). However, if Bitcoin breaks below the lower support: 95796.4 on the daily chart, it will lead to a significant bearish trend. Therefore, those holding long positions should pay attention to profits and consider reducing positions to protect their capital.

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