A key background of the recent market is the approach of Christmas, which will significantly reduce market liquidity. In such an environment, shorting on rallies often becomes the dominant trend.

Regarding BTC, the highest has currently reached 93500. If you do not want to chase long positions, you can consider laying out short positions at this level. The support level is very critical—88500 is the first line of defense, and as long as it is not effectively broken, the rebound trend will continue. The first batch of short positions can be considered at the level of 91500. Once it breaks below 88500, the next point of interest will be around 87500. More importantly, if the daily closing falls below 87500, the rebound will truly end, and we will enter a phase of continuous decline. There may be a change in trend tomorrow, so it is necessary to closely monitor the performance of these key levels.

The situation with ETH is slightly different. Currently, it has reached a high of 3300. From a shorting perspective, the ideal entry range is between 3180 and 3300, but it may not necessarily touch 3300. A more prudent strategy is to first establish a short position at 3120 and then add to it at 3180. If considering a long position, first check if the level at 2960 can hold; if it does not break, there is still a chance for the bulls, but once it breaks, the target should be 2880.

Interestingly, large holders may be preparing to sell for the holiday, so they are unlikely to provide high shorting opportunities. At the same time, a large number of short positions are accumulated in the range of 3030 to 3060, which itself will also become a variable.