The festive atmosphere is gradually fading, the market is returning to normal, wishing everyone a smooth and steady new year with profitable gains.
Short-term volatility between bulls and bears continues, but the bearish dominance remains unchanged. Yesterday, Bitcoin dipped to 62,400, and short positions took profits as expected. Overnight, a rebound to 64,700 faced resistance and pulled back. Currently, it is fluctuating around 64,000. The rebound lacks continuation, and the major bearish trend remains intact. The trend remains unchanged; continue to short on rebounds. Trading Recommendations Place short positions around 64,500-65,000 for Bitcoin, targeting 62,500-63,000. Place short positions around 1,880-1,910 for Ethereum, targeting 1,750-1,780.
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Morning Thoughts
The festive atmosphere is gradually fading, the market is returning to normal, wishing everyone a smooth and steady new year with profitable gains.
Short-term volatility between bulls and bears continues, but the bearish dominance remains unchanged. Yesterday, Bitcoin dipped to 62,400, and short positions took profits as expected.
Overnight, a rebound to 64,700 faced resistance and pulled back. Currently, it is fluctuating around 64,000. The rebound lacks continuation, and the major bearish trend remains intact. The trend remains unchanged; continue to short on rebounds.
Trading Recommendations
Place short positions around 64,500-65,000 for Bitcoin, targeting 62,500-63,000.
Place short positions around 1,880-1,910 for Ethereum, targeting 1,750-1,780.