12.26 Friday Midday Market Analysis. Currently, the market sentiment can be summarized in one sentence: Bulls can't push higher, bears are gathering strength! This afternoon at 16:00, we will witness the largest options expiration window in history. The nominal scale of BTC options settlement exceeds 20 billion USD, making it a typical event-level variable capable of changing short-term price structures.

The current Max Pain point for BTC is around 95,000. Based on the current price, pushing directly to this level would require an enormous amount of spot and derivatives capital working together, which is quite challenging.
Last night, BTC surged to 89,500, seemingly breaking out strongly, but in reality, there was a volume gap and it was just a false appearance. Without backing from funds, the rise was fleeting, and the price was hammered back by bears immediately. Now it hovers around 88,800, and the bulls are at their last strength!
The four-hour chart clearly shows that the large bullish candle that broke the midline previously has temporarily supported the 86,100 level due to a serious lack of bullish funds below. However, the rebound space has been exhausted, and more and more bearish signals are piling up. A decline is only a matter of time! Once the midline is broken, the market will inevitably follow the downward trend to the lower band. Currently, shorting at high levels,
as usual, the core strategy remains unchanged: do not guess the bottom, do not catch the bottom, follow the trend to short, do not go against the trend!
BTC Trading Suggestions: 89,500-90,300, first watch 87,300-86,500, break below and go directly to 85,000, stop loss at 91,500.
ETH Trading Suggestions: 2,960-3,030 resistance level, decisively short, first watch 2,910, break below and target 2,830, stop loss at 3,080.