Pullbacks are for better rises later, so there's no need to worry about this wave of correction last night. Don't be overly reactive to minor market movements; what does this slight adjustment mean when the true bull run arrives? If you easily change your position at the slightest market fluctuation, it only shows that you truly don't know how to judge the trend. As I always say, during the period approaching the New Year, my main outlook remains bullish. Short-term pullbacks are just minor corrections to transition into short positions. These are all based on long-term technical analysis. Moreover, regarding news factors—whether geopolitical tensions or the Federal Reserve's rate cuts—these are generally positive for the price. Therefore, combining technical and news analysis, the recent outlook still points to continued upward movement. So, bulls don't need to panic; continue holding your positions from lower levels for the long term. Stay focused!

As usual, I will continue with a detailed analysis of the technical indicators. The daily chart of Bitcoin shows that after recent high-level consolidation, the price experienced a short-term pullback, forming a long bearish candle, indicating heavy selling pressure above. On the hourly chart, the price has gradually declined from above 93,000 and is now in a consolidation phase after a short-term rebound. The MACD histogram on the hourly chart remains negative, with DIF and DEA diverging downward, clearly indicating a short-term bearish trend. The MACD on the daily chart is also weakening and may enter a correction cycle. The RSI on the hourly chart is around 46, not yet oversold but overall weak; the daily RSI has fallen below 50, indicating weakening momentum. The EMA7, EMA30, and EMA120 on the hourly chart are in a bearish alignment, with the current price under EMA7 resistance. On the daily chart, EMA7 is turning downward, with a possible further test of EMA30 support. For intraday trading, use 91,000 as support; as long as this level holds, look for further upward movement.