The US stock market is closed for the Christmas holiday, and the overall weak market pattern remains unchanged. Although Bitcoin briefly rebounded to around 88,000 yesterday morning, the bullish momentum was insufficient, and it failed to break through the strong resistance above. It then retreated after a quick surge, confirming the short-term lack of upward strength.

From a technical perspective, the market lacks a clear consensus on direction. The RSI indicator remains below the neutral zone, with bearish momentum dominating. Especially in the 89,500-90,500 range, a relatively strong resistance zone has formed, and without sufficient trading volume, a breakout is difficult to achieve.

Considering the relatively light market liquidity during the US market holiday, the most likely short-term trend is sideways to downward correction. Once the 86,500 support level is broken, the next key level to watch is around 85,000, which is likely to see further decline.

Regarding trading strategies, given the limited space during the holiday, it is recommended to short near 88,000-88,800 on rallies, with target levels around 87,000-86,500.