Bitcoin traded sideways all day yesterday, with a weak trend and little presence. It only responded after the US stock market opened, being pushed up from around 86,500, briefly reaching about 88,000, but lacked momentum and was ultimately stuck in a range, fluctuating repeatedly.
From the candlestick pattern, the pressure on Bitcoin is gradually easing, but the problem is that the buying support is also weakening. In the short term, bearish sentiment is stronger. The 4-hour chart clearly shows— a downtrend is established, the Bollinger Bands are opening downward, and the price is stuck near the middle band, making upward movement difficult. It is likely to continue weak oscillation or directly test lower levels.
**Trading Strategy**
When Bitcoin rebounds to the 88,200-88,700 range, consider short positions. The first target is the 88,000-88,500 range, and if aiming lower, the target is 86,800-86,000. If the price reverses before reaching the target, switch to a long position.
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ContractCollector
· 11h ago
Another whole day of sideways torture, this kind of directionless market is the most annoying...
Wait, are the 88200-88700 shorts really so certain? Why do I feel like this rebound might have some tricks...
Pressure is released but there's no follow-up buying, in plain words, no one is willing to buy, so we really need to be cautious later on.
If Bitcoin breaks 86000 in this wave, then I will believe the bears have truly arrived. It's still too early to draw conclusions now.
It feels like a repeated game of testing, whoever backs down first will be the first to cut.
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MidnightGenesis
· 11h ago
On-chain data shows that the Bollinger Bands are indeed opening downward. This weak rebound is unlikely to break through the middle band resistance... I am already monitoring the 88700 level. It is worth noting that the buying pressure is indeed weakening.
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GetRichLeek
· 11h ago
Starting to draw K-lines again. I just want to say that last time when the Bollinger Bands opened downward, I went all-in on a short position, but I got liquidated by a reverse move... Now looking at this analysis, I feel anxious, like I'm about to step into a trap again.
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GateUser-a180694b
· 11h ago
Still sideways and frustrating. This worthless coin is really pointless. I'll wait for the rebound to 88,700 and then directly crush the shorts.
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BTCWaveRider
· 11h ago
Another whole day of sideways trading and idling, really bored to death.
Basically, just waiting for a rebound to drop, short around 88,000, nothing new.
Fewer and fewer bagholders, feeling uncertain about this drop.
Wait, will it really break 86,000 this time? Something feels off.
Sideways trading is harmful; it might be better to just drop directly.
Releasing pressure my ass, I think no one wants it anymore.
Friends around 88,700, be careful not to get caught and stuck.
#比特币与黄金战争 December 25 Morning Market Observation
Bitcoin traded sideways all day yesterday, with a weak trend and little presence. It only responded after the US stock market opened, being pushed up from around 86,500, briefly reaching about 88,000, but lacked momentum and was ultimately stuck in a range, fluctuating repeatedly.
From the candlestick pattern, the pressure on Bitcoin is gradually easing, but the problem is that the buying support is also weakening. In the short term, bearish sentiment is stronger. The 4-hour chart clearly shows— a downtrend is established, the Bollinger Bands are opening downward, and the price is stuck near the middle band, making upward movement difficult. It is likely to continue weak oscillation or directly test lower levels.
**Trading Strategy**
When Bitcoin rebounds to the 88,200-88,700 range, consider short positions. The first target is the 88,000-88,500 range, and if aiming lower, the target is 86,800-86,000. If the price reverses before reaching the target, switch to a long position.