Thursday, December 26

Wednesday, December 25
Yesterday, Bitcoin's price consolidated at a low level, continuing to show strong upward movement in the evening. Our bearish outlook was not very satisfactory and did not achieve any notable results, ending last week's winning streak. However, I still have great confidence in the market outlook. Let's stand our ground for the last shift before the New Year and navigate through this prosperous time together.

Looking briefly at the current daily chart, although there was an upward movement in the price yesterday, it only slightly broke the middle track without effectively stabilizing above it. Simply put, if the price does not break, it is highly likely to continue in a consolidation pattern, with resistance above at 99,100 being a key focus for the day.

Therefore, I believe it is necessary to set up a short position at this level. Currently, the maximum resistance above is 102,000 while the support below is 89,000. Now it depends on which side reaches first; that is a later discussion. For now, we will focus on the present, placing short positions in batches around the 98,700-99,200 range, with a target of 94,000.