Risk observation before and after Christmas Eve for BTC

Tomorrow the US stock market is closed, tonight is Christmas Eve, and liquidity is obviously decreasing. During this time window, the main players often find it easier to "make moves," so extra caution is needed regarding the market.

It is often said in the market that "the casino releases water on Christmas Eve," but based on the current structure of BTC, there is no solid foundation for a smooth upward surge. In a non-bull market trend, the period around Christmas is more likely to turn into a "Christmas disaster," and there is a need to focus on the risk of downward pinning.

Structurally, the emotions and structural pinning corresponding to the deep decline after Japan's interest rate hike have not been fully released, and this should not be overlooked.

The upper resistance zone is between 88,800 – 90,825. This zone has been tested multiple times but has never been able to hold effectively. Against this backdrop, a rebound back to the resistance zone is more suitable for a defensive bearish position, which is clearly more cost-effective than chasing long positions. It is especially important to note: if a rebound occurs during the day, one should be more vigilant during the night session.

Potential pin target below:
Small level pin: 85,085 (daily Bollinger lower band)
Major Pin Bar: 80,666 – 78,850 (15-day Bollinger lower band range)