As the year transitions into the new one, market sentiment is gradually digesting the recent wave of coin withdrawals. According to on-chain data, there was a net outflow of 3,451.64 BTC from centralized exchanges in the past 24 hours. Behind this ongoing withdrawal frenzy, it reflects investors' risk-avoidance mentality ahead of the New Year.

The Federal Reserve's monetary policy minutes were released as scheduled in the early morning, but their impact on the market was limited. Bitcoin's daily chart remains calm, closing with a small positive candle, with the upper and lower shadow ratios indicating increasing resistance above. The middle and upper bands of the Bollinger Bands are opening downward, while the lower band is rising, and the MACD momentum is insufficient, showing an overall highly volatile pattern. In this state, the market seems to be preparing for a final buildup.

From the 4-hour Bollinger Bands perspective, all three bands are expanding upward, but after a rebound in the early morning touching the upper band, it faced resistance and retraced, indicating clear resistance above. Short-term trading advice remains to maintain a high-short strategy, avoid chasing rallies and cutting losses prematurely, and patiently wait for key levels to break.

Regarding Bitcoin, focus on resistance at 89,500 and 90,500, which are critical resistance zones for the rebound. Support levels are at 88,000, 87,000, and 86,000, forming a three-layer defense.

For Ethereum, resistance is around 3000 to 3050, where a high short position can be arranged. Support levels are at 2950, 2900, and 2800, with 2800 being a stronger bottom support. The current market pace is slow, but such buildup phases often contain the next directional confirmation.