Good morning, friends! The Christmas holiday market activity is relatively light. Bitcoin briefly tested 88,500 in the morning before pulling back, currently moving in sync with Ethereum in a downward correction.

From the four-hour chart, although Bitcoin once broke through the midline with a strong bullish candle, it then closed with consecutive bearish candles, indicating that the battle between bulls and bears remains intense. The price is still within a triangle convergence pattern; without additional momentum, it is expected to maintain a weak sideways trend. The hourly chart shows overbought conditions after a rapid rally, followed by consecutive bearish candles that give back the gains, bringing the price back toward the midline. Both the KDJ and MACD indicators are showing weakening signals, and the possibility of a downward breakout is increasing.
In the short term, it is recommended to lean towards a bearish outlook, waiting for a rebound to the key resistance zone to establish short positions.

Trading suggestions:
Bitcoin 87,500-88,000 range short, target around 85,100
Ethereum 2,930-2,950 range short, target around 2,780