Wednesday Market Tracking: Technical Breakdown of Bitcoin and Ethereum



12.17 Update

Market momentum is unfolding exactly as expected — this decline has been confirmed as the entry point. The signals indicating the shift of control between bulls and bears are becoming clearer, and the early morning short positions also validate the accuracy of this judgment. If you’ve followed this setup, the most important thing now is to hold your position and give the market enough time to release the downside potential; don’t rush to close your trades.

Looking at the hourly details, Bitcoin’s price repeatedly struggles around the middle band of the Bollinger Bands. The process of testing above and below clearly reflects the bears gradually eroding control. The increasing pressure from the Bollinger Bands indicates a typical weak market performance.

Quick Data Check:
• Bitcoin: Currently trading around 86,000, focus on resistance in the 87,200-87,500 range
• Ethereum: Currently at 2,800, short-term resistance levels at 2,970-3,010

Stay tuned to #加密生态动态追踪 $BTC $ETH for further developments.
BTC-0.73%
ETH-0.14%
BNB-1.24%
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AlgoAlchemistvip
· 5h ago
The short positions in the early session indeed paid off. This time, the rhythm was extremely accurate. Wait, is 86000 going to be pushed down further? Feels a bit risky. Brothers holding positions, don't panic. Just give the market some time to react. The Bollinger Bands are indeed eating into this position aggressively; the bears are quite fierce this wave. If 87200 can't be broken, there should be another wave of movement below. Is ETH at 2800 also unable to hold? It feels like the entire ecosystem is resonating. But honestly, after watching this kind of analysis many times, truly making money still depends on execution.
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AirdropHustlervip
· 12-17 05:30
Hmm... It's the same old short-selling rhetoric. Why do I feel like everyone got liquidated in this wave? Are those who followed the trend in the early session still alive? Where's the supposed weakness? Why did it rally again? Let's wait and see. This market is too strange.
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VitaliksTwinvip
· 12-17 05:30
The early short positions indeed paid off, this rhythm is amazing... Now it's just about patiently holding, don't be reckless and close the position.
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Degen4Breakfastvip
· 12-17 05:27
Talking about short positions gradually eating away again, I feel like I hear this explanation every day. Is it really that easy to judge?
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tokenomics_truthervip
· 12-17 05:27
The early trading setup this time is indeed quite aggressive. Now it's just a matter of how low it can go. The feeling of the bears gradually taking control is really clear. The repeated struggle around the 86,000 level truly shows a weak market. Hold on tight, and don't be tempted to close your position prematurely. Persistence and time are probably the biggest weapons in this move. The critical resistance at 87,200 must be watched closely. Only a breakout confirms a true weak trend.
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fren_with_benefitsvip
· 12-17 05:24
Entered the short position this morning. It looks stable now, but I'm a bit exhausted and still have to hold on without closing.
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DAOplomacyvip
· 12-17 05:16
ngl the whole "perfectly aligned with expectations" thing is giving major cope energy... like bruv, how many times have we seen this exact narrative before? anyway gl to whoever actually held through this 🤷
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NonFungibleDegenvip
· 12-17 05:16
ngl if u aping into this dump ur either gigabrained or just down bad... holding bags from 87.5k still tbh, this analysis hits different when ur already underwater lmao
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