Wednesday market analysis for #大饼 !
Yesterday, the overall market trading was light, with significant narrowing of fluctuations. The market continued to show a weak oscillation structure, and the bullish rebound lacked strength, failing to effectively break through key resistance levels.
Today is Christmas Eve, and U.S. stocks will close early. Market liquidity is further declining, and in the short term, it is highly likely to maintain low volatility and a narrow range of oscillation.
Support for Bitcoin is at 86500, which has been tested multiple times without breaking, indicating effective short-term support.
Resistance is at 88800; if there is no accompanying volume, breaking through will be challenging.
Before the range is broken, the strategy remains focused on range trading, buying low and selling high.
💥Trading suggestion:
Consider placing short positions near 88500–88300.
Target at the 86000 level.
The overall pace is slow; be patient and wait for the price to be right before taking action.
$ETH $PIPPIN
