After forming a death cross on the hourly chart, prices are consolidating at a low level, presenting an overall pattern of "sharp drop followed by weak rebound." The rebound has not broken through key resistance levels, with bearish dominance being prominent.

The 88,000 level below serves as short-term support, while the 90,000-91,000 range above is the core resistance zone for the rebound. Currently, price is situated between resistance and support, with insufficient rebound momentum and a high probability of a second dip. During the rebound phase, the candlestick bodies are relatively small and trading volume is shrinking, confirming weak buying support. This is a technical correction within a downtrend. As long as 90,500 is not broken intraday, continue to go short. #十二月行情展望