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Let's review yesterday's market movements. Recently, Bitcoin's trend has shown some similarities. After a morning dip, there was a certain rebound that lasted until the evening, followed by another dip. Yesterday morning, the market's lowest point was around 93,700, followed by a fluctuating rebound, with the high point reaching around 96,500, before dipping again. By early this morning, the market's low point was around 92,500. Unfortunately, the short position we selected yesterday was around 97,000, and the rebound high did not materialize. Today's market trend is also quite similar, with a drop in the early morning followed by a fluctuating rebound.

Recently, we have been discussing the weak short-term market. The four-hour level is very clear; the technical indicators show that the rebound is significantly weak. The MACD shows insufficient rebound volume, and from the recent market, we can see that the rebound high points are gradually declining. The K-line pattern is in an overall downward trend, with all moving averages crossing downwards. As mentioned yesterday, during the Christmas period, due to poor market liquidity, the buying power from institutional whales is relatively weak, which is also a reason for the recent complicated market movements. In the short term on the four-hour chart, the rebound has not changed the trend structure, maintaining a rebound repair tone after a correction. Until a successful breakthrough of resistance occurs, the operation should continue to short on rebounds. I personally expect that there may be another high point in the intraday short-term rebound, with short positions set around 95,800-96,000, and support below at 90,000.

In the Ethereum market, there has been a certain improvement trend amidst Bitcoin's fluctuations, with the rebound high point around 3,460. Currently, the resistance above is around 3,500, where short positions can be considered, with support below at 3,200.

In the past two days, altcoins have started to see some capital flow back. When Bitcoin drops, many altcoins do not follow the decline and begin to show some strength amidst Bitcoin's fluctuations. However, it is important to note that if Bitcoin's correction does not break below the key support level, some strong altcoins will continue to perform.

【The above analysis and strategies are for reference only. Please bear the risk yourself. The article is subject to review and publication, and market changes in real-time may lead to information lag. Specific operations should follow real-time strategies.】

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