Recently, the market has been quite interesting. Since Bitcoin was only 120,000 in October, I have been warning everyone that chasing highs is very risky and that the main strategy should be to consider short positions. Along this path, now that 2025 is almost coming to an end, how much profit have you all made? Yesterday, on Monday, Bitcoin was shorted at 89,500, and Ethereum at 3,030. This rhythm really feels comfortable.

From a technical perspective, the Bitcoin daily chart shows a small inverted hammer candlestick, and today’s opening price directly dropped below the middle band. Both the upper and middle Bollinger Bands are opening downward, but the lower band has not yet followed suit, indicating that the downside space is actually limited. Currently, the price is around 87,300, with support at approximately 85,000, suggesting there is still a bottom protection in the market. Chasing dips at this level is no longer wise. From the MACD, it remains a volume-less oscillation, and both the KDJ and RSI are beginning to turn downward.

Switching to the 4-hour chart, after spiking to 90,300 last night, the price quickly declined, and during the rebound, it was continuously suppressed by the middle band. The bearish MACD histogram is still expanding, and both the KDJ and RSI are trending lower, indicating a weak market. At this point, every rebound must be cherished, and missed opportunities should be avoided.

On the 1-hour chart, the Bollinger Bands are very tight, and the rebound was also suppressed by the middle band. Interestingly, the lower band is opening upward and rising. The bearish MACD histogram is beginning to shrink, while the bullish momentum is expanding, and both the KDJ and RSI are rising from oversold levels. In the short term, there is indeed a rebound demand.

Sideways consolidation will not last forever; rebounds are often good entry points for short positions. It’s important to understand this. Avoid chasing highs and selling lows; the main trading strategy remains to focus on short positions. For Bitcoin, key levels to watch above are 88,500, 89,500, and 90,500, around which short positions can be arranged. Support levels below are 88,000, 87,000, and 86,000.

Ethereum’s daily chart also shows a small inverted hammer candlestick, and the hourly rebound is testing the upper band. The main strategy today remains to operate on the short side. Resistance levels above are 2,980, 3,030, and 3,080, where short positions can be taken. Support levels below are 2,920, 2,850, and 2,780.