The market has fallen into a rare calm—often a silence before a big move.

Most European and American traders are already on vacation, causing the cryptocurrency market to exhibit typical holiday characteristics: trading volume has significantly shrunk, and volatility is severely suppressed. Bitcoin repeatedly tests the narrow range between $86,000 and $89,000, while Ethereum swings around $2,900, both陷入 stalemate.

This low liquidity state has two sides. On one hand, major funds take the opportunity to "dip in," quickly snatching up scattered positions; on the other hand, for traders who understand chart reading, this is precisely the best window for strategic positioning before a major market move after the holiday. Technical weakness, liquidity exhaustion, and the impact of year-end events overlap, making the seemingly chaotic situation actually full of潜流.

**What does the current market look like?**

As of December 24, Bitcoin has broken below the psychological barrier of $88,000 and is now trading around $87,500. More noteworthy is the candlestick pattern—on the daily chart, a "bearish pennant" has emerged, and the 50-day moving average has crossed below the 200-day moving average, forming a classic "death cross."

Ethereum's situation is also tough, struggling to hold around $2,950, with the critical level of $3,000 repeatedly tested. The most striking data during the session is trading volume—shrinking over 45% compared to usual, and this extreme sluggishness in成交 directly amplifies the destructive power of price fluctuations.

Market sentiment remains cautious, but here’s an interesting detail: although prices are trending downward, the moving average system signals the opposite. Out of 10 major moving averages, 8 are flashing "buy" signals. This divergence between technical indicators and price action often indicates that a reversal is approaching.