Bitcoin's performance today is quite interesting. In the afternoon, it fell to 87300, and when the US stock market opened, there was a small rebound, now hovering around 87800. But to be honest, this rebound lacks strength, and the trading volume is shrinking. With the holidays approaching, the trading sentiment is clearly cooling off.

The current price is just below the strong resistance level of 88000-88200, which was previously a support level but has turned into pressure after being broken. From the formation, it appears to be a volume-contracted rebound in a downtrend - a consolidation for the bears.

The key is whether the US stock market can stand above 88200 before the close tonight. If it can't hold, this rebound is likely to provide better shorting opportunities for bears. Also, be wary, as liquidity is generally poor on Christmas Eve, and the main players love to play spike games during such times, so one must be cautious both ways.