Bitcoin continued to show a tug-of-war in its December 21 movement, with the current price around 88,100. Many have already exited at the relatively low level of 85,000. To be honest, this isn’t necessarily a wrong decision; being able to exit at that point has already yielded considerable profits. But from my perspective, I still recommend keeping some core positions to reserve chips for the subsequent northbound move. If the market truly retraces to 85,000, adding back at that time is completely fine—after all, we’ve bought around 85,000 several times, each time harvesting thousands of points.

From the daily chart, as of the time of writing, the highest touch was 88,550, and the lowest was 87,700. A detail to note here: the EMA15 fast line is sideways around 88,700, and after the MACD indicator shrank, the DIF and DEA lines formed a golden cross. In other words, as long as the main force can hold steady above 88,000 before the daily candle closes, the probability of an upward extension will be quite significant. The upper Bollinger Band resistance is at 89,500, with support at 84,850. However, the overall market structure still leans towards a bearish pattern, so don’t blindly chase highs. Wait for a correction or stay on the sidelines.

The four-hour chart shows an even more interesting situation. The sideways consolidation and volume shrinkage have reached an extreme, with trading volume severely lacking. The EMA trend indicator is also contracting. Short-term resistance is at 89,500, with support at 87,700. A bearish divergence signal has appeared here: the DIF and DEA lines are starting to diverge at two levels, and the KDJ indicator has formed a death cross, but the candlestick itself is consolidating at a high level. This indicates that the main force is making a directional choice at the psychological level of 90,000—either continue to push back to 85,000 or rally strongly toward 94,200.

Here’s a suggested operational approach: remember, stop-loss always comes first; small losses and big gains are the ultimate goal.

Northbound trading: entry points are between 85,500 and 85,000, with a stop loss set at 500 points. Initial targets are 86,000 to 86,500; if broken, then look at 87,000 to 87,500.

Southbound trading: entry points are between 90,500 and 91,000, with a defense level at 91,500 and a stop loss of 500 points. Targets are 89,500 to 89,000; if broken, then 88,000 to 87,500.

In actual trading, always rely on real-time market data. This is just a strategic reference; the market itself has no inevitability, and risk is borne by the trader.