Currently, the cryptocurrency market is overall in a weak and volatile pattern. Coupled with the Christmas holiday, the European and American markets are closed, resulting in a particularly light trading atmosphere, making it difficult for the market to see substantial improvement in the short term. Although the number of initial jobless claims in the U.S. reported last night showed a decrease, seemingly indicating a warming signal in the job market, the unemployment rate in December remains high, and the potential concerns regarding the economic fundamentals have not been alleviated. Additionally, the previous favorable impact of the Federal Reserve's interest rate cuts has completely faded, leading investors to generally adopt a wait-and-see attitude, with low willingness to enter the market, further exacerbating the market's dull trend.

First, looking at Bitcoin, yesterday's market continued the bearish retreat trend. During the evening trading session, the price touched around $86,400 and then showed a slight rebound correction. This recovery strength gradually increased in the early hours of today, with the price rising to around $88,000 in the morning, successfully recovering all of yesterday's losses. From a technical perspective, on the daily chart, the price is still oscillating between the middle and lower bands, with the candlesticks showing an alternating pattern of bullish and bearish movements, and a bullish candlestick with a lower shadow has formed, indicating that there is some support strength below.

Next, looking at the short-term performance, on the four-hour chart, the bearish strength is gradually weakening, and the trading volume is noticeably shrinking. Although the price has reached the middle band in a bullish candlestick form, it quickly faced pressure and fell back, indicating that the resistance near the middle band should not be underestimated. The signals on the hourly chart are also cautious, with the MACD bullish volume beginning to shrink. Even though the overall trend still slightly leans towards the upside, there is already a demand for a pullback in the short term. Therefore, it is essential to pay attention to the pressure situation after the rebound today. The short-term resistance above is first at the four-hour middle band of $88,200, followed by the daily middle band of $89,000, while the $90,000 round number is a key defensive area in the short term. On the support side, we still need to closely monitor $86,500 and the daily lower band support strength at $85,200.

Ethereum's trend is quite similar to Bitcoin's, also lacking a clear direction in the short term. For today, we should primarily observe the strength of the rebound. The short-term resistance above is mainly focused on the $3,000 round number. If the rebound momentum is strong, it may attempt to challenge the daily middle band at $3,040. However, considering the current overall light trading, the difficulty of breaking through is significant. The support below is at last night's low of $2,880. If there is a significant drop in volume, it is likely to further test the daily lower band support near $2,800.

Overall, during the Christmas holiday, the European and American markets are closed, leading to insufficient market liquidity. It is expected that the overall volatility in the short term will not be too large. Whether it is Bitcoin or Ethereum, both are currently in a weak oscillating environment, with market sentiment continuously affected by the high unemployment rate, lacking sufficient upward momentum. It is recommended to remain cautious in operations, reduce frequent trading, and lightly position around key support and resistance levels, strictly set stop-loss orders to avoid being trapped by sudden small fluctuations in a light market.

【Key Short-term Levels to Watch】

Bitcoin:

Support Levels: 86,500, 85,200

Resistance Levels: 88,200, 89,500, 90,000

Ethereum:

Support Levels: 2,880, 2,800

Resistance Levels: 3,000, 3,040

【Friendly Reminder: Market conditions change rapidly, suggestions are for reference only】

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