Market Analysis for Monday, 12.29 Morning:

Bitcoin continued to trade within a narrow range overnight, with a low of 86,200 and a slight dip below the previous support level before quickly rebounding. It reached a high of 87,900, currently at 87,650, with a period volatility of approximately 1.9%.
Technical indicators across multiple timeframes show a sideways trend. The daily chart shows range-bound consolidation with no significant volume during the rebound from the bottom. The 90,000 level faces clear resistance, while 86,000 and the previous low of 86,400 form a double support. The 4-hour MACD is hovering around the zero line with insufficient bullish momentum. The hourly RSI has temporarily rebounded after leaving the oversold zone but faces resistance at 88,000, with upward momentum weakening.

Galaxy Morning Briefing:
Around 87,500-87,000, watch for a move towards 88,600-89,600.
Around 2,920-2,900, look for a target of 2,970-3,000.