Yesterday's market overall showed a pattern of initial rise followed by a decline. Bitcoin's price was under pressure after reaching a high of 89,400, falling back to around 87,900 before a brief rebound, with a correction during the daytime trading session. In the evening, after the US stock market opened, selling pressure intensified, and the market declined again, with the lowest point touching 87,766. Ethereum moved in sync, declining from a high of 3,027 and bottoming out at around 2,966 in the evening. Our strategy yesterday was also timely in reminding everyone to continue watching for oscillations around the high of 89,000. The Bitcoin short positions gained nearly 2,000 points, and the "姨太" (a nickname for a type of trading position) secured over 40 points before closing.

Looking at the current market, the daily chart closed yesterday with a bullish reversal after breaking through the midline resistance, then turned bearish again for a pullback. The oscillation and price comparison continue in a sideways structure, with the K-line's trading range falling back to previous lows. There has been no further breakdown of the lows. In the short term, breaking the oscillation structure still requires some momentum. With the new year approaching and the monthly close below the midline, the overall market appears weaker, and there is still a possibility of further bearish development. In the short term, the overall pattern shows a declining high point. If in the afternoon the market further breaks through the high resistance, there is still a chance for a pullback to test the bottom support structure, followed by a deeper correction to test recent lows. The current short-term strategy is mainly to go short at high levels.

Bitcoin can be shorted in the 88,000-88,500 range, targeting around 86,000. "姨太" can be shorted at 2,980-3,000, targeting around 2,900. #BTC #ETH