Analysis of the Morning of December 25

Yesterday, Bitcoin continued to fluctuate narrowly during the day, with a weak trend; as the US stock market opened, the price rebounded from lows, rising from around 86,500 to touch the 88,000 level, but the upward momentum weakened, and it mostly stayed within a range during the day.

Currently, from a technical perspective, the overhead resistance for Bitcoin is gradually decreasing, buying pressure has weakened, and short-term market sentiment is leaning towards the bearish side; the 4-hour structure shows a downward trend, with the Bollinger Bands expanding downward. The price is constrained by resistance near the middle band, limiting the upward movement. It is expected that the market may continue to oscillate weakly or further test lower levels.

Trading Suggestions
For Bitcoin, sell on rebounds around 88,200-88,700, with targets down to 86,800-86,000. If the target is not hit, consider reversing to a long position.