12.29 Bitcoin Auntie's Morning Thoughts

Christmas holiday has come to an end. Last week's market remained hot towards the end, but a strong sense of caution was already evident. On Friday, Bitcoin's price surged and then retraced, reaching a high of around 89,530 before quickly falling back, with a low of about 86,600—perfectly aligning with the precise entry point for short positions on Bitcoin mentioned in Xiao Zhuge's Friday evening article, a textbook-level retracement!

From the current perspective, the morning rebound seems more like a technical rebound after a decline rather than the start of a new upward trend. Unless there is a volume breakout and a firm hold above the 90,000 level, the overall strategy should remain focused on shorting the rebound.

Personal Suggestions
Bitcoin: Enter short at 89,300-90,000, target lower at 88,000, and if broken, look at 86,800!
Auntie: Enter short at 3,010-3,030, target lower at 2,920, and if broken, look at 2,800!
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