December 29 Morning Thought Analysis

After the Christmas holiday ended, market activity remained active last week, but cautious sentiment has quietly spread. On Friday, the market experienced intense fluctuations, with Bitcoin temporarily surging above 89,500 before quickly retreating, touching lows around 86,600—this fully confirmed the previously suggested short positions, and the trend closely aligned with the forecast.

Currently, although there is a slight rebound in the early session, it is more of a technical correction after a decline and not enough to confirm a trend reversal. If the price cannot break through with volume and stay above the 90,000 level, the overall strategy remains to consider short positions on rallies.
Trading Suggestions
Short near 89,700-90,200 on rebounds, with targets down to 88,200-87,500; if broken, continue to look lower at 86,800.