BTC short-term rebound under pressure
2024-12-27
Category: None

BTC is currently in a downward channel adjustment. The double top of 100,000 points is under pressure. If it breaks above here, the short-term trend of BTC will turn from weak to strong.
The short-term level narrow range breaks down and rebounds to repair. The short-term resistance above is 97,600, which is also the pressure level on the upper edge of the upward channel. The short-term support below is 95,000. If this position breaks down, the price will test the 92,500 line.
On the current trend, BTC’s short-term rebound has offset the shrinkage. The upper range is suppressed in a narrow range. In terms of operation, it is still mainly rebounding and shorting.