This week marks the key period at the end of the year, and the US stock market is about to enter its final golden cycle. After the market recovered last weekend, there has already been a certain rise. The Fed has just completed its interest rate cut, and many traders are starting to look forward to whether the year-end market will deliver. But the question arises: do you really understand the essence of the Christmas market?

Many people imagine this period as a simple market where buying with closed eyes can guarantee profits, but little do they know that the real Christmas market is actually an extremely precise seven-day trading window. This is not the universal celebration described in market legends, but a precise game of strategy occurring in an environment with thin liquidity. The true operational logic should be penetrating strategy rather than blindly following trends and chasing rises or falls. Emotional trading is especially dangerous during this period, and being too heavily invested often leads to regret.

From the trend after Japan's interest rate hike, the market has not shown an ideal downward pattern at all, and the support at the lows has never effectively broken through. The current rebound is not a signal for the bull market to start as you might imagine. Looking at the technical aspect, the rise on Christmas Eve is essentially still a fluctuating run. If the key resistance level above cannot be broken, we cannot confirm this as an effective upward trend. The strength of the support at the bottom is still in the process of gaining momentum; if the upper pressure is not broken, it can only be categorized as range-bound fluctuations and cannot be confirmed as a trend rebound.

**Current Technical Situation of Bitcoin**

On the four-hour chart, a large bullish candlestick has formed, indicating a clear bullish signal from a technical perspective. However, attention must be paid to the details here—candlesticks are continuously forming upper shadows, reflecting a lack of strength from the bulls. There is no need to chase the highs for now. The daily chart is even more critical, as the price has not stabilized above the midline, and overall it is still oscillating between slight bearish movements.

In terms of operational advice, Bitcoin can be shorted in the range of 90500-91000 during the day. Even if it breaks through the upper resistance in the short term, there is no need to panic; this is a normal fluctuation. If it reaches the resistance point of 92000, you may consider adding positions. Only after a real breakthrough of 92000 should you seriously consider your defensive strategy for your positions.

**Ethereum follows the rhythm**

Ethereum's performance in the 3080-3100 range is synchronized with Bitcoin, and the overall operational approach remains consistent. There's no need to complicate things; just follow the rhythm of the mainstream coins.

**Core Reminder**

The easiest mistake to make during this period is to be swayed by emotions, especially when market rumors are flying around. True professional trading is about making the most rational judgments at times of the thinnest liquidity, rather than following the market's calls. Caution, restraint, and maintaining a steady approach in the face of change is the correct posture to navigate through the Christmas window.