#数字资产市场动态 Morning Market Brief: Cryptocurrency Markets Still Volatile After Holiday

On Friday's open, $BTC and $ETH performance followed the usual pattern — lack of rebound strength and overall weakness. The Christmas holiday just ended, US stock markets are still on break, and market enthusiasm is low, resulting in very thin trading volume.

Bitcoin attempted to push up to $85,000 but failed to hold, turning downward. Ethereum followed with a pullback, and both main cryptocurrencies entered consolidation mode simultaneously. Looking at the 4-hour chart, although there was a large bullish candle breaking through the middle band, it was followed by consecutive bearish candles, with bulls and bears struggling, neither gaining the upper hand. The price is trapped within a triangle convergence pattern; during rebounds, pressure quickly dissipates, and the likelihood of further downward consolidation is quite high.

On the hourly chart, the situation is even clearer. The overbought condition from earlier has been released, with a prominent medium-sized bearish candle erasing most of the gains, pushing the price back toward the middle band support. From a technical perspective, the KDJ indicator's three lines are turning downward, and the MACD histogram has shifted from red to green and is still shrinking — a sign that bears are gaining momentum. The probability of a downward break is increasing.

**Trading strategy is clear**: short on rebounds, avoid chasing rallies.

For $BTC — the key resistance is at $88,000. Once it breaks above, consider opening a short position, with a stop-loss set above and a target around $86,000; for $ETH — resistance is at $2,950. Enter short positions at higher levels, with a target near $2,850.

Don’t forget to control your position sizes. Liquidity is already low after the holiday, so watch out for abnormal volatility.