2025-12-31 09:50:39

Based on the 4-hour K-line, Bitcoin was heavily pressed down when it surged to 90,400. Then a long upper shadow appeared, and the sell orders at high levels all loosened. The stage of the top is already very obvious, and the double top pattern has emerged.

Currently, the price has effectively broken below the short-term upward trend line. The upper band of the Bollinger Bands is tightly pressing down, and the middle support is being repeatedly tested, which is starting to lose its strength. During the pullback, the trading volume did not keep up, and each rebound was limited. Several times, it was stuck below the previous high point, indicating that the bulls are exhausted, and all conditions for a bearish correction are in place.

Trading strategy (mainly short on rebounds)

#RWA规模呈现持续扩张态势 Short in batches within the 88,900–89,500 range
Target levels are 87,000 and 86,000 respectively
If the rebound lacks volume, continue holding the short positions

$BTC
Look for opportunities to short in the 2,990–3,020 range
Targets below are 2,850 and 2,750
Do not consider going long until it stabilizes above 3,050

$ETH
$BTC $BNB

BTC-0,54%

ETH0,15%

BNB0,18%

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SelfSovereignSteve

· 7h ago

The moment 90400 was held down, I knew it was over; with the double top appearing, there's basically no hope. --- With such weak volume, expecting a rebound—dream on. --- All bearish conditions are in place, just waiting for a rebound to send people to their doom. --- Above 89500, I will never go long, I've played this trick too many times. --- The upper band of the Bollinger Bands is so fierce, anyone who dares to catch the falling knife is an idiot. --- The current problem isn't whether it can fall, but how deep it can fall. --- The bulls are out of strength, well said. Just wait a bit longer, and it'll be our turn. --- I've already marked the 2750 line, waiting to pick up the bargains.

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IntrovertMetaverse

· 8h ago

90400 has been pressed down, this wave indeed looks a bit sellable --- Double top pattern has appeared? Feels like the same old story, what if it breaks out in the opposite direction again --- If the trading volume can't keep up, be cautious. The signal that the bulls are losing momentum is quite clear --- The bearish conditions are in place, but I'm worried it might be a false breakout playing us again --- Bollinger Bands are tightly squeezing, the middle band is no longer holding, this time a proper correction is coming --- Sell in batches between 88900~89500? Wait, the rebound might push higher again --- Rebounds without volume are the most annoying, if it can't push up, it will drop back down --- Another double top, there have been many double tops lately, really amusing --- If ETH drops below 3050, don't even think about going long, this level is really dangerous --- The long upper shadow is scary, but I still have some doubts

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Hash_Bandit

· 8h ago

90400, this level is really holding strong. I remember there was a double top like this in the previous cycle as well... It seems that insufficient volume is the key issue. The bulls are indeed a bit exhausted.

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StablecoinArbitrageur

· 8h ago

actually, the volume profile here is kinda sus. you're calling a double top but the order book depth at 90400 doesn't scream capitulation to me... more like textbook liquidity grab tbh

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MEVictim

· 8h ago

The moment 90400 was smashed down, I knew the weather was changing. Once the double top pattern appeared, there was basically no suspense... All the bearish conditions were in place.

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