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Merry Christmas! The US stock market is closed today, and the overall crypto market remains the same weak situation.
This morning, Bitcoin once rebounded to around 88,000, seeming to have some movement, but ultimately lacked strength. The key resistance level couldn't be broken through at all; a slight push upward was quickly pushed back down. The short-term upward momentum is weak, which is the current reality.
From a technical perspective, the situation is a bit chaotic. The RSI indicator is hovering in the neutral to slightly lower range, clearly favoring the bears. The range between 89,500 and 90,500 has formed a noticeable resistance zone; breaking through it requires increased volume, otherwise, it’s unlikely. The US stock market holiday has also led to insufficient liquidity, so in the short term, the probability of continued sideways or downward movement is higher. Once 86,500 is broken, the 85,000 level is very likely to become the next key support.
Today’s trading space is limited, after all, the market is closed. Consider shorting around 88,500 to 89,000, targeting the 87,000 to 86,500 area.
#数字资产市场动态 $BTC $ZEC