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Bitcoin December market review is here.
From a technical perspective, the recent pullback of Bitcoin is following a WXY corrective wave, and is currently still in the downward channel of wave W. Many people think a rebound is coming? Don't rush. This position is actually just a technical retracement of wave C4, and from a pattern perspective, this double zigzag rebound is basically at its peak.
Next, what we need to be wary of is the C5 wave - this is the real main downtrend. According to wave analysis, if C5 starts, we will directly look at the range just above 70,000.
**Trading Idea:**
- The strategy mainly focuses on short positions when prices rise.
- Reference entry point: Around 92000, consider shorting in batches.
- Target range: 76000-79000
Risk Warning: Technical analysis has a lagging nature, actual operations need to be adjusted based on real-time market conditions, do not make hasty moves with uncertain positions.
(The subsequent independent discussion on the correlated movements of ETH and BNB will be held separately.)