12.31 Morning Silk Road and Recommendations

The current market has confirmed a breakout of the previous resistance on the four-hour chart. The overall structure is leaning towards oscillating upward, but attention should be paid to the retracement and confirmation during the night. If the retracement does not break the key support, the rebound is expected to continue; if it breaks down again, a change in strategy towards low-level support zones is necessary.

After Bitcoin's four-hour resistance breakout, focus on the nighttime retracement support zone of 88200-87500. If the retracement does not break this zone, the market is likely to continue rebounding upward, with upper resistance at 89800-90500. This zone can be used as a tentative entry point for short positions. If the price continues to rise, consider adding positions around 91000. If the price drops below 87500 again during the night, this round of rebound may end. It is recommended to pause long positions for now and monitor the support at 86300-85000. Once stabilized, consider deploying long positions selectively.

For Yitai, focus on the support retracement around 2950 during the night. If the price can hold this level, the rebound may continue, with resistance above at 3020-3050-3070. This resistance zone can be used as a tentative area for short positions. If the price spikes to this level during the night, try a light short position. If the price drops below 2950 again, the rebound structure may be broken. Caution is advised for longs. Watch the support at 2890 below; if it breaks further, look for stabilization opportunities in the 2780-2730 zone, and consider deploying long positions in stages.
The above is only personal advice. Please follow Sister Lin's layout for specific actions $BTC