12-30 Bitcoin Analysis:

From the weekly perspective, Bitcoin has already dropped 15% after forming an engulfing candlestick. In a bull market, a 10%-20% correction for Bitcoin is quite normal. After the engulfing candlestick appeared, both in the banned group and publicly, it has been clearly stated that the short term has entered a bearish trend. Looking purely from the candlestick perspective, there is a strong support at the weekly level at the price of 85,000, which is also the midpoint of the FVG. Whether it will pull back to that level is unclear.

From the four-hour perspective, the potential bullish liquidity is around 92,000. In the short-term level, the range of 920 and 900 is a potential bullish position. Therefore, if you are planning to accumulate spot positions, you should start to gradually accumulate your spot at these levels of 920-900-850. In terms of spot trading, it is not feasible to place all orders at a particular level you are optimistic about; you can only buy in batches at particularly significant levels.