On Thursday, Christmas, the U.S. stock market is in a holiday phase, with overall volatility relatively calm. Bitcoin and Ethereum have not shown clear movements; Bitcoin continues to oscillate within the narrow range of 87000-88000, while Ethereum is also consolidating within the range of 2960-2900. This oscillating market is a true test of patience; do not blindly chase highs or sell lows.

It is important to note that the current market recovery momentum remains insufficient, with the trend showing clear signs of fatigue. The upper resistance is significantly constraining, and multiple rebounds have failed to achieve effective breakthroughs. The signals of resistance at high levels are very clear, and the short-term downward risk continues to rise.

Bitcoin continues to place short positions in batches near 88000—88500, targeting around 87000-86500.

Ethereum should consider entering short positions near 2960-2980, with a target around 2880. $BTC $ETH