The hawkish stance without face has strengthened, leading to increased downward expectations. BTC declined after reaching its high point, and the rebound may need more time and new pump momentum.

Just as there is never a continuous pump, the adjustment after the pump is inevitable. According to the market trend, setting the maximum support and responding to its changes is the best strategy. Resistance level reference:
First resistance: 102100 Second resistance: 103700 Support reference:
The first support level: 99400 The second support level: 97500
Today's suggestion:
The selling pressure in the current market is increasing, so it is not ruled out that there may be further decline. In the short term, the 60-day moving average may become resistance. During the European session, observe whether the market maintains sideways consolidation, and take short-term profits in the resistance area.
As the 1-hour chart has fallen below the 120-day moving average, the 4-hour chart is now re-establishing the 120-day moving average as the reference point, setting a 100K support line for trading.
On the long-term chart, the pump trend is still maintained. The first and second resistances given by the master are relatively conservative, but it is necessary to pay attention to the increasing downward expectations and be aware of this when trading.
12.19 Wave Band Pre-burial:
Long entry reference: near 99400 support/resistance, pullback to 97500-98000 range to add positions, target: 108000-102000 Short entry reference: not applicable for now
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