Now there are only two working days left until the end of the year line, and the end of the monthly line is also just around the corner. Unless something unexpected happens, the monthly line will close in the red. The 5-day moving average has already broken, and this will be the key battleground for bulls and bears going forward. On the daily level, Bitcoin rebounded to the middle track of the BOLL line last week but faced pressure, showing weak upward momentum. In the short term, it is more prudent to align with the bearish trend and position short.
Currently, the key resistance level above remains last week's high, and as the moving average system declines, if there is a pullback next week, the rebound is likely to be limited. The support level below at 92000 is still the primary support; if it breaks, it may trigger a new round of decline. Therefore, short-term operation is advised to focus on a weak adjustment mindset, and bulls do not need to rush to enter; there will be many opportunities ahead.
Short-term trading suggestions for Monday morning:
Short in the 95500-96000 area, targeting around 94000-93000
Short in the 3450-3470 area, targeting around 3350-3300!