Bitcoin continues to trade within a narrow range of $85,000 to $90,000, exhibiting significant volatility as it repeatedly fails to break above $89,000. The market remains in a stalemate, with bulls and bears evenly matched, leaving the cryptocurrency without a clear direction. Market participants are closely watching for a potential breakout during the Christmas holiday period, which could disrupt the current sideways trading pattern. Xiao Yihang is set to host a live session at 7 PM on Tencent Meeting to discuss the prospects of a breakout and the ongoing market volatility.