December 11th Technical Brief

Bitcoin has been weakening steadily after surging near 94,500, with no effective rebound during the period. The price bottomed around 89,300 but failed to stabilize and recover afterward.

From the hourly Bollinger Bands chart, a clear wedge pattern has formed, reflecting increased market volatility. The middle and lower bands are both sloping downward, indicating a significant trend breakout signal. During the rebound after the 89,300 support was reached, Bitcoin's upward momentum was extremely limited; whether during the previous decline phase or the current sideways consolidation, Bitcoin has consistently driven the lower band to extend downward, indicating that short-term support is gradually weakening, and the bearish pattern remains unchanged.

Bitcoin: Resistance at 90,700-91,300, watch for support at 88,900-88,100
Ethereum: Resistance at 3,250, 3,300, watch for support at 3,120-3,070
#加密生态动态追踪 $SOL $BNB