At 8:38 AM, a bold analysis of the trend is made. Given that there is still 1 hour and 15 minutes until the weekly and daily close, the closing results are basically not surprising. Xiao Jiu gives everyone an analysis in advance. From the daily perspective, Bitcoin has formed a death cross opening downward, and there is no trend change in the short term. Note!! A change and a pullback are two different things; the trend is downward, and Christmas is approaching. This year's Christmas is unpredictable, as there has always been a saying, 'At the end of the year, who knows if a black swan will come.'

But from both a technical and news perspective, Bitcoin will still retest, with a low point to watch around 92,000. If it breaks below 92,000 with volume, one can enter a short position on the right side. Currently, the resistance above is 98,500, and if it stabilizes, it will once again challenge the 100,000 mark, looking above 100,000.

Feeding operation

Short Bitcoin around 96,000-96,500, take profit at 94,500, stop loss at 97,800

Short Ethereum around 3,380, take profit at 3,250, stop loss at 3,410

Finally, I wish everyone wealth. If you like Xiao Jiu, give Xiao Jiu a follow!