Monday morning market analysis on December 23rd!

Bitcoin is still leading with a bearish trend, and yesterday's rebound did not sustain, indicating that the rebound is merely a correction within a phase of declining prices. At least currently, the market has not provided any short-term upward signals. After the collapse at the top of last week's range, the short-term bearish trend has created significant resistance, and with the upcoming Christmas holiday, some external factors have also contributed to a strong bearish sentiment in the market.

Yesterday's rebound did not sustain a breakthrough above the 98000 area, and the adjustment rhythm is still in progress, with the pattern leaning towards a retest. After a pressure drop, the four-hour chart tested the 93500 position, which has not yet been breached. If it effectively breaks down, the bearish trend will likely continue to decline, with a key focus on 92000 below; if the upcoming non-farm data turns out to be negative, it may open up space for a direct drop to the 90000 area for support. Therefore, moving forward, we should still arrange according to the short-term pattern, with support at 93500 and resistance at 98500; a slight rebound would allow for short positions to be initiated!#加密市场盘整 #市场调整後的机会？ #PCE通胀降温 $BTC $ETH