2025-12-17 10:10:16

Market Analysis:

Why did it retrace again? It's simple—Bitcoin is stuck below the 88,000 level and can't break through, so it naturally gets pushed back. Isn't this quite normal? Look at the area indicated by the white arrow above, another shooting star has appeared, indicating selling pressure here. The bulls are fighting but can't muster strength; after all the fuss, it's all in vain. It's like you go to work without a paycheck—what motivation is there to keep going? Forget it, let it develop freely.

The yellow box area is also showing signs—repeated bearish engulfing patterns and various signals pointing to a retracement. The key point is that Bitcoin has already broken below the 86,557 neckline, and is currently barely holding on at the support of the lower boundary of the triangle. Once this line is broken, 85,000 will come immediately.

The only way to stop this downward trend is to re-establish above 86,557; otherwise, all efforts are in vain.

If 85,000 can't hold, then push towards the previous low of 83,700 to look for signs of a bottom. If it can't stop, it will be completely cold.

**Trading Ideas**

If there is a volume breakout on the right side of 86,760, go long; if at 86,286 the price drops with volume and can't recover, follow with a short. Always remember to set stop-losses.

On the hourly chart, once it breaks 86,557, look up towards 87,172-88,017; if it can't hold above 86,557, don't expect a rally.

On the 4-hour chart, after breaking 86,087, look down to 85,227-83,777; if 86,087 can't be reclaimed, 85,227 will naturally be tested, no need to rush.

**Fibonacci Angles**

From the hourly Fibonacci sequence, the target for this decline is at 83,592 (1:1 ratio). If it really drops to 83,592 and can't hold the previous low of 83,777, then a new low has appeared. In that case, the 1.618 level will be visible very soon.

The first bounce around 83,592 will definitely happen, but if the rebound can't form a higher high, breaking 83,592 is imminent. Once broken, everything that should come will come; the key is to watch the volume changes.

BTC-1.01%

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YieldHunter

· 10h ago

ngl, the technicals here are screaming distribution vibes... if you look at the data, 86557 is basically the make-or-break line and we're already sweating it. the fib levels down to 83592 feel inevitable honestly. volume matters more than the levels themselves tbh, but nobody's ever funded their portfolio by ignoring support breaks lol

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GasFeeCrier

· 12-17 21:19

88000 this barrier is really too tough, the bulls are really starting to falter 86557 if it breaks again, I'll just give up and lie flat, no more messing around Here we go again? What about the volume, why is it still so weak 83592 might really not hold, it feels a bit risky If it breaks below 86087, it's game over, and 85000 could come suddenly Stop-loss is really important, otherwise you'll lose everything With such poor volume, a rise is pointless This decline doesn't seem to be over, be cautious of new lows, everyone

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WalletDivorcer

· 12-17 18:24

88000 this level is really damn tough, the bulls are just being timid Going down, then up, then down again, what are you playing at? If 86557 breaks, just wait for 85000 If the trading volume isn't enough, don't make reckless moves. Set your stop-loss properly first With such strong selling pressure, the rebound is just an illusion If 83700 can't hold, just wait for a new low

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ReverseTradingGuru

· 12-17 10:40

88000 this level is indeed a bit tough, need to pull back and digest --- Another shooting star, selling pressure is really strong --- 86557 not coming back, don’t expect any good news --- Lack of volume is the result, the bulls are helpless --- If the rebound around 83592 is not strong, a new low is likely --- Repeated bearish engulfing signals, this is a bit alarming --- The analogy of working without a salary is spot on haha --- If 85000 breaks, head straight to 83700, no other way --- Stop-loss is really something you can't skimp on, too many bloody lessons --- From Fibonacci angles, the pressure is indeed overwhelming

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ZkSnarker

· 12-17 10:38

ngl the "no salary no motivation" comparison got me lmao... actually that's just market structure doing what it does. fibonacci says 83592 but the real question is whether volume confirms it or we see some dead cat bounce nonsense first

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StillBuyingTheDip

· 12-17 10:37

It has broken support again, following this rhythm straight to 83,700. 88,000 is really a tough nut; the bulls can't bite through it. If 86,557 doesn't come back, 85,000 won't hold; it's still necessary to cut losses. Anyway, I'm still eating the dip. See you at 83,592.

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BankruptcyArtist

· 12-17 10:36

88000 this threshold is really tough, the bulls are exhausted Going to drop to 85000 again? Should have known not to chase this wave, it's too tiring If 86557 also breaks, let's just go directly to 83700 and take a gamble Only chase after a breakout in volume, no volume, no messing around, remember to set stop-loss A rebound around 83592, if there's no higher high, it will break the bottom again, another round of cutting losses Waiting for a new low, anyway the harder it falls, the stronger the rebound, this is a casino

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TokenomicsDetective

· 12-17 10:23

88,000 is really a tough barrier; if it can't break through, a pullback is inevitable, which is quite reasonable. --- Are we going to drop again to 83,700? It feels like this downward move is never-ending. --- If the 86,557 level is also broken, it's really over; my stop-loss is a bit shaky. --- Every time we say there will definitely be a rebound, but it still continues downward. Where is the volume, brothers? --- Good US employment data can't save BTC; we still need to look at the technicals. --- Fibonacci is back again. Is it really going to 83,592 this time? It feels like it can't hold. --- Why can't we make a higher high on rebounds? The bulls are really out of strength. --- Can 85,000 hold? If not, it's really going to push down. --- Looking at this trend, it feels like repeatedly testing the bottom. --- With insufficient volume, don't expect a rebound; this move is really risky.

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GasWastingMaximalist

· 12-17 10:15

88000 is really this hard to break? Feels like the bulls are a bit weak, as soon as the shooting star appears, you know something's wrong. Breaking 86557 means disaster, and when 85000 comes, don't blame me. I'm watching 83592 closely; if it really breaks through the previous low, we'll need to look at the new high. Another stop-loss activity, holding coins will be tight for two more days. Strong US employment data still doesn't prevent a pullback; macro fundamentals seem to be of little use.

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