Bitcoin continued its oscillating upward trend yesterday. It broke through the 89,000 level again overnight, which is in line with previous expectations, and the intraday touch also precisely landed at the 89,000 mark.

From the current overall atmosphere, market sentiment remains cautious, especially during the year-end holiday period, when on-chain liquidity noticeably diminishes. In this environment, the market lacks a clear directional driving force, and it is likely to continue oscillating within a range.

Currently, the market can be viewed as trading within the 87,000 to 90,000 range. Once it breaks out of this range, adjustments may be necessary. During the repeated oscillations within the range, the key is to manage risk well and avoid being driven by short-term volatility. In facing such market conditions, flexibility and adaptability are more important than rigidly sticking to a single direction.