12.26 Friday midday market outlook

Currently, the four-hour Bollinger Bands for Bitcoin are clearly opening up. After breaking through the middle band, the price temporarily surged to around 89,500, but encountered strong selling pressure near the upper band. The bullish momentum is clearly weakening, and the price quickly retreated.
From a technical pattern perspective, the previous high of 90,500 forms a strong resistance level. Even if the Bollinger Bands continue to open, the upward space is essentially locked, making it difficult to achieve an effective breakout in the short term. The overall pressure pattern is clear.

The same applies to "Second Bitcoin" (the "Mistress"). The bullish sentiment has already cooled significantly. The current rebound is more of a technical correction rather than a trend reversal. The overall bias remains bearish, with limited rebound strength, unlikely to change the downward trend.

Midday trading strategy: Focus on shorting on rebounds

• Bitcoin:
Recommend short positions in the 89,300 - 90,200 range,
with the first target around 87,000 support.

• Mistress:
Existing short positions can be held, no need to adjust the positions, and patiently wait for further downside movement.