#美联储回购协议计划 December 25 Market Observation:

On the daily chart, 94,000 remains the overhead resistance, but the last two candles show a Evening Star pattern, RSI has already formed a death cross, and MACD is bullish but with diminishing momentum—simply put, the upward trend is reversing. The support at 85,000 must be well defended; if it breaks below 84,000 near the neckline, the ongoing upward structure from the end of last year will be over, and the market is likely to continue testing lower levels.

On the four-hour timeframe, the current price is at the intersection of multiple trendlines, making the direction particularly critical. To continue upward, it must first stabilize above 89,300, then break through 91,000; if it rapidly falls below 84,500, the previous upward pattern will be broken.

Key levels to watch:
- 85,200 is the first support level
- 84,000 is the critical support—breaking this would confirm a move below 80,000
- During rebounds, around 90,500 will face resistance

Quick data overview:
- $BTC is supported around 86,500-87,100, with a rebound target of 88,000-89,500
- $ETH is supported around 2,870-2,910, with a rebound target of 3,000-3,100
- Keep an eye on corresponding technical levels

The current market rhythm is shifting to a wait-and-see stance. Do not rush to leverage before breaking key levels.