#数字资产市场洞察 Market data review on December 23

Bitcoin's performance yesterday was somewhat lackluster, with average market participation, and the price fluctuated within a relatively narrow range. Our assessment from the day before yesterday was mostly accurate, and the trend of the market data remains in line with expectations, with no unexpected breakdowns.

From a technical perspective, there is still pressure at the 90500 level. The bears are quite resolute in their defense here, and multiple attempts to break through have not been successful, indicating that this price level is indeed a strong resistance.

In this oscillating pattern, it feels like we are accumulating strength to prepare for the next step. But the key point is that before the critical resistance at 90500 is effectively broken, blindly chasing the long position is actually a gamble, and the risk-reward ratio is not very favorable.

The main strategy in trading is to focus on short positions, with moderate participation in long positions at low levels as a supplement.

Specifically: short in the range of 89500 to 90500, with the initial target looking at 88500 to 88000. If this level is broken, continue to look down to 86500.

In the short term, we still need to observe whether 90500 can truly break through effectively, as this is key to determining the direction of the market.