Looking at the recent trend of Bitcoin, the 1-hour K-line has already entered the end of a converging oscillation. The Bollinger Bands bandwidth has reached 2465 points, and the price is hovering around the middle band at 87347. At this point, looking at the MACD, the DIF and DEA are about to converge above the zero line, and the histogram has shrunk to -28, clearly indicating that short-term momentum is waning, and the market is brewing a direction choice.

From a technical perspective, resistance is in the range of 88080-88500, with support levels at 86615-86500. Both bulls and bears are lurking here.

If you want to go long, you need to wait for the price to break through 88080 with volume, and for the MACD to form a golden cross, confirming that the upward trend will continue. Once this signal appears, you can enter at this level. The opposite applies for short positions—if the price falls below 86615 and the MACD forms a death cross and spreads, a correction will begin.

My operational suggestion is as follows: observe within the range of 86500-88000, don’t rush to act. Once the price breaks above 88050 and pulls back to around 87600, consider going long with a target of 89500 and a stop-loss at 87200. Conversely, if it falls below 86500 and rebounds near 86800, you can short with a target of 85500 and the same stop-loss at 87200.

The changes in current open interest show that the bulls and bears are still in fierce competition. At this time, the most important thing is to wait for confirmation signals and avoid being fooled by false breakouts. Especially note that around December 25, liquidity may undergo significant changes, which must be taken seriously. Strict risk control is always the top priority, especially in this kind of indecisive market.