December 25 Evening Market In-Depth Analysis

On the 4-hour cycle, the cryptocurrency price upward channel encounters significant resistance, continuously pressured at the middle band of the Bollinger Bands. Bulls' repeated attempts to push higher are strongly suppressed by bears, and the rebound momentum has been exhausted, highlighting a weak market characteristic.

At the indicator level, the MACD is operating below the zero line, with the red histogram clearly expanding, indicating ongoing bearish momentum. The KDJ lines have formed a death cross and are diverging downward simultaneously, confirming a short-term downtrend with no signs of stabilization.

Regarding trading strategies, it is recommended to firmly adhere to a high-short position approach:
Entry zone: 88,000-88,500 short
Target zone: 86,500-86,000