December 31 Afternoon Market Analysis:

The strategy analysis and points from early yesterday morning hit the mark again, the strength has been consistently present, no need to elaborate. Let’s briefly review: Yesterday, the main trading asset (Bitcoin) was in a narrow range of fluctuations during the day, consolidating for potential movement, and the evening session inevitably produced market action. Last night saw the emergence of the fourth wave-shaped retracement; initially, Bitcoin rebounded to around 94,200 before facing resistance, dropping to a low of about 91,500. The downward channel in the smaller timeframe has already opened, and we will continue to look for the continuation of the bearish trend.

Bitcoin has maintained a stabilizing rebound above yesterday's low of 91,530 today. Although it touched the lower boundary after yesterday's retracement and stabilized upward, the rebound space is large but it has not effectively remained above, leading to another pullback, indicating that the bearish trend has not changed. The short-term fluctuation style remains unchanged, overall in line with expectations. The trend is still predominantly bearish; without an effective rebound above the previous high, our bearish outlook remains unchanged. Today's day session continues to be in sideways consolidation. On the four-hour K-line chart, there is a downward fluctuation structure, forming a rebound with a step-back approach, without a strong unilateral shape, showing a fluctuating tug-of-war style with large volatility. The current main strategy for intraday operations is to sell high and buy low within the range. We do not restrict our trading to specific bands but will follow the trend as it unfolds. #MicroStrategy增持BTC #2025比特币价格预测 #加密ETF申请热潮涌现

Bitcoin is around 92,800-93,000 for short positions; looking at 91,000.

Ethereum is around 3,360-3,380 for short positions; looking at 3,250.