Christmas Holiday Market Observation: Bitcoin surged to around 88,000 in early trading today before turning to a pullback. Currently, the overall trend shows low volatility and oscillation. Considering that today is a major Western holiday, market participation may be limited, and sharp fluctuations are not expected within the day.

In the absence of a clear direction, a strategy of reducing positions at high levels and accumulating at low levels is more prudent.

From a technical perspective: focus on the 88,500-89,000 range above. If BTC breaks through and stabilizes here, consider holding or adding positions; support levels below are around 87,200-86,800. Once this area is reached, a reverse long position can be taken. In the short term, the rhythm is likely to be range-bound, so it’s better not to chase highs aggressively and wait for a clearer trend confirmation to be more cautious.