BTC experienced a full cycle of movement last night. Initially dropping to around 86,300, it then rebounded and oscillated, reaching a high near 88,000 before beginning to retrace. Currently trading around 87,600.
Technical Analysis
From the 1-hour chart, Bitcoin's price has fallen from the upper Bollinger Band back toward the middle band. The three lines of the KDJ indicator have formed a clear death cross and are moving downward; the MACD momentum continues to shrink, indicating that the upward momentum is gradually weakening. This combination of signals suggests that there may be high-level resistance in the early morning.
Trading Strategy
**BTC**: Look for short opportunities in the 88,000-88,500 range, with targets down to 87,000-86,200. This zone has some support significance and is worth paying attention to.
**ETH**: Consider short positions around 2,960-2,990, with support targets at 2,910-2,880. Ethereum currently shows similar signs of high-level resistance.
The market still needs to closely observe whether it can break through effectively, and caution should be exercised with each attempt.
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Ser_Liquidated
· 10h ago
88,000 has been smashed down again, this rhythm is really incredible... Keep holding at 87,000-86,200, it feels like it might drop further.
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Token_Sherpa
· 10h ago
so basically we're watching the same tape-measure bounce that happened 3 cycles ago... KDJ death cross into MACD compression, yeah yeah, textbook weak hands capitulation setup. 86200 holds or we're back to November's gravitational well—that's where the real question lives imo. eth tagging 2960 is just echoing btc's fractals anyway, sustainable momentum doesn't look like this tbh
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SerRugResistant
· 11h ago
The 88,000 level is coming again. It feels like we're always stuck here. So frustrating.
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LiquidatedNotStirred
· 11h ago
The 88,000 level can't be held down anymore. With the KDJ death cross so obvious, still trying to play the bullish side—probably going to suffer losses. The bearish opportunity has indeed arrived; it all depends on whether we can hold the 86,200 support.
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LiquidationTherapist
· 11h ago
It's the same dead cross with decreasing volume signal again. Every time, it's about high-level resistance, but what happens? Still grinding repeatedly. Whether 88,000 breaks or not is the key; stop with these empty talks.
December 25 Morning Market Summary
BTC experienced a full cycle of movement last night. Initially dropping to around 86,300, it then rebounded and oscillated, reaching a high near 88,000 before beginning to retrace. Currently trading around 87,600.
Technical Analysis
From the 1-hour chart, Bitcoin's price has fallen from the upper Bollinger Band back toward the middle band. The three lines of the KDJ indicator have formed a clear death cross and are moving downward; the MACD momentum continues to shrink, indicating that the upward momentum is gradually weakening. This combination of signals suggests that there may be high-level resistance in the early morning.
Trading Strategy
**BTC**: Look for short opportunities in the 88,000-88,500 range, with targets down to 87,000-86,200. This zone has some support significance and is worth paying attention to.
**ETH**: Consider short positions around 2,960-2,990, with support targets at 2,910-2,880. Ethereum currently shows similar signs of high-level resistance.
The market still needs to closely observe whether it can break through effectively, and caution should be exercised with each attempt.