Christmas Eve's market seems to have no surprises, and BTC's volatility appears to be somewhat calm.

From a technical perspective, recent daily charts show a typical narrow-range consolidation trend. Based on the current trajectory, the price is likely to first test the support level around 85,000. As the consolidation range narrows, the momentum for a subsequent breakout will gradually build, and the probability of a rebound increases.

Once a rebound is initiated, it is expected to surge toward the resistance level near 98,500. It is worth noting that a relatively large short position has already been established, mainly bearish on the future performance of BTC and ETH.

Looking ahead to next year's market, the plan is to maintain a large short position strategy, targeting the range around 71,000. Let's wait and see whether the market will unfold as expected next year.