Bitcoin started yesterday morning around 86,800 and quickly surged to around 89,500 before entering a consolidation phase.
Looking at the hourly BOLL indicator, it has been expanding. The price repeatedly broke above the upper band, which then widened upward—sounds aggressive, but in reality—after reaching 89,500, it didn’t push higher. Instead, the hourly chart showed small doji candles, and the MACD red bars were shrinking, while the RSI quickly turned downward from the overbought zone at 80. This creates a bit of an awkward situation: indicators remain high, but the price isn’t following, a classic divergence that indicates weakening momentum. The bulls’ pushing power is clearly insufficient.
In simple terms, although the channel appears to be expanding upward, the failure to continue the rally after breaking support indicates a loss of momentum. Coupled with the significant decrease in volume at high levels, the buying strength is weak. In this scenario, shorting with the trend is a reasonable strategy.
Technical suggestions: Bitcoin 90000-91300 range short, target 87600-86300 Ethereum 3030-3080 range short, target 2910-2860
Pay attention to the coordinated movement of $SOL , $XRP , and $BNB .
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WagmiOrRekt
· 7m ago
89,500 just stalled, how weak is this bullish trend? I dare to bet my car keys that it will directly crash to 86,300.
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just_here_for_vibes
· 4h ago
89,500 just patted the head. The bulls are really weak this time, I’ve closed all my short positions.
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gaslight_gasfeez
· 4h ago
89,500 just turned around? The bulls really have no strength in this wave.
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MeaninglessApe
· 4h ago
89,500 is just not exciting anymore? This divergence is really incredible. Why are the bulls so weak?
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ProposalDetective
· 4h ago
89,500 is dead? Are the bulls so weak? It feels like another wave of wiping out the bears is coming.
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ImpermanentPhobia
· 4h ago
89,500 is no longer impressive; this bullish trend is truly a false rally, and the bears should make their move.
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GateUser-0717ab66
· 4h ago
89,500 is no longer impressive. This bullish wave really dropped the ball. No wonder they are shorting.
#数字资产市场动态 December 26 Market Brief
Bitcoin started yesterday morning around 86,800 and quickly surged to around 89,500 before entering a consolidation phase.
Looking at the hourly BOLL indicator, it has been expanding. The price repeatedly broke above the upper band, which then widened upward—sounds aggressive, but in reality—after reaching 89,500, it didn’t push higher. Instead, the hourly chart showed small doji candles, and the MACD red bars were shrinking, while the RSI quickly turned downward from the overbought zone at 80. This creates a bit of an awkward situation: indicators remain high, but the price isn’t following, a classic divergence that indicates weakening momentum. The bulls’ pushing power is clearly insufficient.
In simple terms, although the channel appears to be expanding upward, the failure to continue the rally after breaking support indicates a loss of momentum. Coupled with the significant decrease in volume at high levels, the buying strength is weak. In this scenario, shorting with the trend is a reasonable strategy.
Technical suggestions:
Bitcoin 90000-91300 range short, target 87600-86300
Ethereum 3030-3080 range short, target 2910-2860
Pay attention to the coordinated movement of $SOL , $XRP , and $BNB .