December 24th Big Cake

The Christmas window period is approaching, and BTC is facing multiple downward pressures. The liquidity contraction caused by the holiday has created conditions for increased market volatility; the Bank of Japan's unexpected interest rate hike and hints of continued tightening have impacted the global flow of arbitrage funds, and historical patterns suggest that BTC still has significant room for correction; technically, weak demand, outflow of ETF funds, and prices breaking below the key 365-day moving average have all confirmed a bearish market structure. The current price is oscillating under the resistance of 90,000, and if the support at 86,500 is broken, it may quickly test the vicinity of 85,000.

In terms of operations, short positions can be arranged around 88,500-89,000, targeting 86,500-85,600; if it breaks down, further observations should be made around 85,000. Liquidity is thin during the holiday period, so caution is needed for abnormal price fluctuations, and stop-losses should be strictly set. $BTC $ETH #加密市场观察 #BTC走势分析