Although there hasn't been a significant rebound or decline this weekend, I feel that the market has become a bit more relaxed. This is because the market finally started to show some signs of responding to tonight's U.S. stock market and the interest rate cut in December, unlike last week when it was being aggressively sold off.
Everything now depends on the opening of the U.S. stock market tonight. The Asian market usually doesn't stir up much, and the real direction is determined by the Americans, who love to panic sell over the weekend and then continue to aggressively sell when they wake up on Monday morning.
The daytime market is expected to rebound and then consolidate sideways, with not much fluctuation. The evening market is very important; if the statements are favorable for the market, Bitcoin will rebound, but if it follows the pattern of last Thursday and Friday, with a short-term rebound followed by a drop, then we will test lower points next, likely breaking below the 80000 level.
It is recommended to continue shorting above the 87500 level and watch the 80000 level below.
