12.23 BTC: The 90,000 USD curse reappears! BTC has failed to break through for the 6th time in 8 days, is the Christmas market the key to a breakthrough?

My view: As long as the US stock market can maintain an upward trend during this week's Christmas market, BTC won't be too bad. But here's the problem — the market was quite stable during the Tianya trading session yesterday, and retail investors were quite active in buying. However, once the US stock market opened, it started to drop again in the early morning, and all the gains of tech stocks were given back. There was no obvious negative news; it was purely "pessimistic expectations" dominating the sentiment — many people do not believe that it can really rally up at the end of the year.
The daily structure of BTC is very clear: 90000-90500 is the upper edge of the concentrated trading area and also a psychological barrier. Multiple failed attempts to break through indicate heavy selling pressure here. However, if the US stock market stabilizes and rebounds, boosting market sentiment, BTC still has the potential to break through.
The key support has moved up to the 86865-86620 area, which is not only a recent pullback low but also near the short-term rising trend line on the daily chart. If the closing price falls below this level, the short-term rebound structure will be at risk.
The 4-hour chart is quite complicated. If it retraces to the 86865-86620 area, pay special attention to whether there are signals of "not falling" (such as long lower shadows or RSI divergence). The first resistance for a rebound is around 89300 (near the opening price area today). If it can break through quickly, it will challenge 90000-90500 again. If it directly rebounds to around 90500 and shows signs of stagnation, that would be a position for short-term high shorts.
Intraday trading advice:
Short-term buy near 86890-86100, target 90500-91000
Short position near 93000-93800, target 91000-90500
Remember: At the end of the year, market fluctuations are large and liquidity is low, cabin management is more important than direction. If the US stock market continues to underperform, all rebounds should lower expectations. #BTC #ETH #SOL