🎅 Is Santa Claus here to give out candy or to crash the market? The price of Bitcoin is stuck at $90,000, and the market has become 'chicken ribs'!
🔥 It didn't even rise on Monday; this wave of growth seems to be running out of steam!
📉 Key resistance at $90,600-$91,000 has been unbreakable for over half a month, like an iron wall!
😴 Trading has been light in the week before Christmas, with volatility reduced to a sliver, making operations feel like fishing.
💡 Since it can't go up, let's prepare for 'high-altitude operations' near $90,000!
Brothers, does this market feel like it's run by a fake trader—full of gas but lacking power? Monday should have been a day of great volatility, but Bitcoin can't seem to pull up, clearly lacking momentum. Since it can't break through the strong resistance zone of $90,600-$91,000, the market is likely to continue fluctuating at high levels, playing the high sell-low buy game.
The technicals are also singing a 'tangled duet':
The daily chart looks strong, but RSI is already overbought; although the hourly chart shows a bullish arrangement, the upward momentum is weakening. In short, there's short-term pressure for a pullback, but the overall trend isn't broken yet.
So the strategy is very clear:
1. $BTC : Consider shorting between $90,800-$90,000, with a stop loss at $91,800, and look for $88,500-$87,500; if it drops to $87,500-$88,500, reconsider going long.
2. $ETH : A similar approach, shorting between $3,100-$3,060 and going long between $2,950-$2,990.
In short, the market might just oscillate in this 'chicken ribs' way before the holiday. As mainstream coins fluctuate and gather strength, it’s good to keep a broader perspective. Don't forget about the players in the Ethereum ecosystem that are building up energy, like the highly popular Musk concept coin p.u.p.p. i.e.s, which often surprises the market when it chooses a direction.
👇 Friends, do you think Bitcoin can break through $91,000 before the holiday? Or will it continue to oscillate here?
Let's discuss your views and strategies in the comments!
