The recent trend of Bitcoin is quite exciting – it plummeted straight from 93000 to 83800, then turned around and took off from 86000 to pump to 92300. The recent swing trading amplitude has stabilized at the 10% level, and if managed well, the profits can be considerable.

The plunge at 3 AM was triggered by a statement from a political figure in a certain country about launching military action against Venezuela. This type of geopolitical risk must be closely monitored, as once the situation escalates, the crypto market is likely to experience a chain reaction.

From a technical perspective, breaking through 92000 means the upward channel is reopened. The key support levels are at 90144 and 88847; if these are maintained, the target range can be seen at 96000-98000. Based on the current K-line structure, this space has a probability of being realized—just like my logic of remaining bullish during the consolidation two days ago.

The next two days require close observation. Sudden news may trigger spikes at any time, so be psychologically prepared.

The performance of mainstream coins shows a clear divergence: BNB, Ethereum, Dogecoin, and SOL all followed Bitcoin to complete a V recovery, but with varying strengths. Ethereum and Dogecoin clearly lagged behind, BNB showed slight resilience, while SOL stood out as the strongest.

Reference point:
Ethereum above 3100 below 2869
BNB up 950 down 857
SOL up 144 down 133
Dogecoin down 0.144 up 0.156

The medium-term direction remains cautious. If there is a short-term rise, it is advisable to take profits for safety—historical data shows that the December market usually isn’t very ideal, combined with the current macroeconomic uncertainty.

Operational review: The short position shared at the 90500 level yesterday (stop loss at 92000) was hit. Bitcoin reversed the trend after breaking above 92000, overall switching to a bullish pattern. This trade was indeed a misjudgment on my part. Futures trading must strictly adhere to profit-taking and stop-loss discipline; never hold onto a position with a sense of luck – even if you opened a short at 91000 and caught the drop without taking profit, you would still be stuck now that it has reversed.