December 29th, Sunday Mainstream Cryptocurrency Trend Analysis:
From the structure of the 4-hour chart, the downward momentum has slowed down, and the current trend still has a certain validity. Support levels are gradually and slowly rising, while the selling volume is also gradually decreasing, and the price ratio is undergoing correction.
This process requires some time to complete. Taking around 93500 as a short-term support point, the price may form a local consolidation or a pullback correction above this level. The key lies in the size of the pullback space, which could be large or small. If the space is large, it may indicate a deep adjustment; if the space is small, it may be a horizontal consolidation correction. Currently, it's advisable to go long at lower levels and short near the resistance around 97000, with a short position in the vicinity of 96500-97000.
For Bitcoin, accumulate long positions in batches between 94500-95000, and observe around 95800-96500.