Bitcoin, after breaking through the key resistance at 95,000, is currently undergoing a gradual retracement. According to previous assessments, this pullback may test the support around 90,000, with even the possibility of a breakdown.

After more than a month of consolidation, the bulls finally launched a rally, but it was short-lived and did not lead to a sustained trend. From the monthly chart perspective, a death cross has appeared at high levels, indicating that it will be difficult to see a major bullish breakout in January. At this stage, the market is expected to fluctuate within a range of a few thousand points, and only when the monthly box is fully released will spot traders have a better window for positioning.

In recent evening movements, the bears have continued to pull back to around 89,500, and Ethereum has also fallen to about 3,086. Around the time of the US stock market opening, market conditions may change. The overall trading strategy remains primarily to sell high and buy low.

From a price perspective, positions can be built in batches between 89,500 and 89,000 for longs, and Ethereum can be accumulated in segments between 3,080 and 3,050 for long positions.

In the face of a trending market, some choose to hold their positions unchanged, demonstrating confidence in the overall direction; others prefer to trade swings, entering and exiting frequently to capture the range fluctuations. Honestly, neither approach is absolutely right or wrong. The market itself is like an ATM or a harvesting machine—opportunities are fair to everyone, and the key is who can seize them.