Regarding some views on the current levels, December 26.

#美联储回购协议计划 Good morning everyone. During the Christmas holiday, US stocks paused trading, and yesterday's market fluctuations were limited. Bitcoin tested above 88500 and then experienced a clear rapid pullback. Currently, both BTC and ETH are in a downward pressure phase. The market rhythm over the past week is quite clear to everyone—whether in trend recognition or strategy execution, overall performance has been quite stable. Friends who want to quickly keep up with the pace and effectively accumulate positions can now follow along. Sometimes, a timely judgment can help you quickly turn the situation around.

From the four-hour chart of Bitcoin, after a large bullish candle quickly broke through the middle line, two consecutive bullish candles appeared, but then a quick pullback followed to repair. The current market remains in a consolidation state of bulls and bears pulling each other. Although there is some short-term rebound and correction, the overall price still fluctuates within the triangle range. If there is no significant support later, the downward trend may continue. Looking at the hourly chart, after a large bullish candle became overbought, it was mostly engulfed by consecutive medium-sized bearish candles, with the price approaching the middle line. Although there is no effective downward break of the middle line support yet, judging from the shape of the KDJ three-line and the MACD momentum histogram shifting from positive to negative, a breakout seems only a matter of time. Maintain a bearish outlook recently; participating in short positions during rebounds is more appropriate.

Operational reference: For Bitcoin, consider short positions around 88000, watch near 86000; for Ethereum, short above 2950, focus on support around 2850.

$BTC $ETH $SOL