12.31 Bitcoin Market Analysis Reference: Bitcoin rebounded after testing the 86,700 level yesterday, and the subsequent gains continued. During the day, the price rose to around 89,000 but faced resistance. On the 4-hour chart, the price tested the bottom near 86,750 with a long lower shadow, then consecutively closed with bullish candles and successfully broke through the EMA30 (88,025). Meanwhile, the MACD indicator's DIF has crossed above DEA to form a golden cross, and the histogram shifted from negative to positive, indicating a weakening short-term correction.

On the daily chart, there have been three consecutive days of doji candles with long upper and lower shadows, reflecting short-term bullish and bearish struggle, but the closing price remains above the 88,000 level. The daily MACD is still below the zero line, but the green histogram continues to shrink.

From the moving averages perspective, the price has broken through the 4-hour EMA7 (88,323) and EMA30, but the strong resistance around 90,000 near the daily EMA120 (98,697) remains. The trend continues in a wide-range oscillation pattern, but the short-term movement is quite volatile, with the price fluctuating within a 2,000-point range. The short-term trend is still consolidating within a sideways range, with weak corrections and no breakdown of support levels. Therefore, Mr. Coin advises traders to prepare accordingly.

Upper resistance is near 90,000, and support is around 86,600. The range to watch is 86,000-89,000. In terms of trading strategy, it is recommended to trade high on dips and buy low on rebounds, mainly focusing on rebounds.

12.31 Bitcoin short-term trading ideas: Short positions at 89,800-98,800 with a stop at 9,200, target below 87,500; or long positions at 86,300-85,300 with a stop at 500, targeting above 87,300.

12.31 Ethereum short-term strategy reference: Light short at 3,075-3,025 with a 30-point stop, targeting below 2,980; or long positions at 2,881-2,931 with a 30-point stop, targeting above 2,960.

There may be delays in article delivery. The strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how confident you are in your market judgment, always manage your take-profit and stop-loss orders properly to secure profits.