Review of the previous market situation and core parameters for this week

Key core parameters:

- Bull-Bear Line this week: $89,438 (current price is above this line, short-term bulls have a slight advantage);

- Monthly Bull-Bear Line: $94,045 (after touching twice on December 3rd and 4th, it was suppressed, a strong resistance level);

- Strong resistance points: $91,630 (Fibonacci retracement point) + $94,045 (monthly Bull-Bear Line), forming a double strong resistance zone;

- Bull profit-taking: $93,411 → $95,865 → $99,837;

- Bear profit-taking: $85,466 → $83,012 → $79,039.

II. Core technical logic and long-short game analysis

(A) Comparison of long and short forces

1. Short-term pattern (this week): Current price is above the Bull-Bear Line of $89,438, bulls have a slight advantage, but the rise and fall trend reflects heavy selling pressure above, with limited rebound momentum;

2. Trend pattern (this month): Always constrained by the $94,045 monthly Bull-Bear Line, and the $91,630 Fibonacci point repeatedly under pressure, no effective breakthrough has occurred, and the bearish trend still dominates;

3. Effectiveness of resistance: The double resistance zone of $91,630 and $94,045 has been effective over the past few days, making breakthrough very difficult, with concentrated selling pressure above and firm resistance.

(B) Trigger conditions for long and short

1. Bull reversal conditions: Need to first break through and stabilize above the $91,630 Fibonacci resistance level, then further conquer the $94,045 monthly Bull-Bear Line, accompanied by significantly increased trading volume, to reverse the bearish trend;

2. Bear continuation conditions: If the $91,630 resistance is effective, and the price falls below the Bull-Bear Line of $89,438 this week, it will return to weakness, likely probing again to the profit-taking level for short positions at $85,466.

- Bull strategy: Only when the price stabilizes above $91,630 can a small position be attempted for long, with a stop-loss set below $89,438 (this week's Bull-Bear Line), targeting directly at $93,411 for bull profit-taking;

- Bear strategy: Relying on the $91,630 resistance level to short at highs, with a stop-loss set above $94,045 (monthly Bull-Bear Line), first target $85,466, second target $83,012;