Hello everyone, I’d like to share some recent market observations.

The options expiration the day before yesterday did not see the expected sharp volatility. Bitcoin attempted a rebound to 90,000 but ultimately failed to break through, and Ethereum, near 3,000, also pulled back accordingly. Overall, the volatility has been relatively converging, mainly due to seasonal factors—during Christmas to New Year’s, European and American institutions enter holiday mode, retail investors are also mostly in leisure mode, and large capital inflows are not strong. Therefore, the market presents a rare gentle pattern, with trading volume significantly shrinking. Don’t worry, this silence is only temporary. Once the holiday ends, the accumulated market vitality will gradually be released, potentially leading to larger fluctuations.

From a technical perspective, Bitcoin is currently oscillating around 87,400, while Ethereum hovers near 2,920. The daily Bollinger Bands, MACD, and RSI indicators are all in a flat state, and the short-term moving averages are as well—further confirming the phenomenon of exhausted trading volume. This is especially true over the weekend. It is expected that this high-level oscillation pattern will continue in the short term.

Looking at key technical levels: the short-term critical level for BTC is around 88,500. If it can hold steady, it may continue to explore higher towards 92,500. For Ethereum, focus on the resistance at 2,990; a breakout could target 3,060 as the next goal.