The market has fallen into a liquidity vacuum period, making it difficult to see significant moves in the short term.

Currently, it is during a holiday period, and market sentiment has noticeably cooled down, with a clear decline in capital activity. From the market performance, this characteristic is very intuitive—Bitcoin's fluctuations are only around a thousand points of oscillation, while Ethereum's are just a few dozen points of minor fluctuations, presenting an overall sideways consolidation pattern. Ultimately, neither bulls nor bears have enough strength to break through decisively; both upward and downward movements face considerable resistance.

In this market atmosphere, the short-term trading advice is very clear: do not be overly greedy. During holidays, if you can catch a small wave, take profits promptly. Especially for assets moving in the same direction, avoid over-staying in positions. Looking at a longer cycle and macro liquidity environment, the bullish outlook still holds the advantage, but we haven't yet reached the point of "must follow the trend," and no such signals have appeared intraday.

The current strategy maintains a range-bound mindset:

**Bitcoin**: Consider shorting around 88,000, continue shorting in the 88,500-89,000 zone, with the first target at 86,500. If downward momentum is strong, look for 85,500. Conversely, if the retest does not break below 86,000, consider short-term long rebounds, with quick entries and exits.

**Ethereum**: Short around 2,970, add short positions in the 3,020-3,030 zone, targeting 2,900. When volume expands, watch for 2,850-2,830. Similarly, if the retest stabilizes above 2,850, there is a short-term rebound opportunity for longs.

If there is no trend during the holiday, follow the holiday rules—don't bet on a breakout direction, don't hold onto losing positions, and rely on timing and precise execution. Capturing that small opportunity the market offers is enough.