The market is currently in a "transition" phase. After the struggle between bulls and bears at the daily chart level, it has entered a balance, while at the hourly chart level, it is clearly in a sideways range between 87500 and 89000. All short-term indicators (MACD, moving averages) point to a pullback, but the long-term lifeline (EMA120) has not yet fallen, qualifying it as a "short-term weak pullback within a medium-term pump trend."

Resistance above: first the upper bound of the hourly range at 89000, then the upper bound of the recent large box at 90600. Only by breaking through 90600 will the short-term weak trend change.
Support below: Firstly, the lower edge of the hourly range is 87500, if it breaks below, it may test the lower edge of the large box at 85000. This is a key factor in determining the medium-term trend.

Within the framework of 85000-90600, adopt a "range mentality": when the price approaches 90600 or above, consider it a high-risk area and think about reducing positions or not opening new long positions. When the price falls towards 85000 or below, consider it a high-value area and think about gradually buying in, betting on a rebound. In the middle area (especially 87500-89000), focus on waiting and do not act easily.

12.22 Bitcoin Operation Strategy:
90005-89005 short, stop loss above 91005, target 87205-86205
86005-87005 more, stop loss below 85002, target 88505-89505
12.22 Ethereum Operation Strategy:
2895-2932 more, stop loss below 2822, target 3005-3055
3075-3035 short, stop loss above 3115, target 2955-2915
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