2025-12-21 12:20:16

On the evening of December 21: $BTC technical analysis and market rhythm

Price Movement: Bitcoin has repeatedly tested the 88700 level, with the short-term focus on the key level of 90000. Looking upwards, the 89500-91000 range constitutes a pressure zone, and if effectively broken, there is a chance to test the 94200 level; looking downwards, the 85000-86500 area is an important support region, with 84000 being the bottom line that cannot be broken easily. The daily chart shows a double top or M-shaped trend, with overall fluctuations locked within the range of 84000 to 94000. On the technical side, the MACD has formed a golden cross, but a divergence signal has appeared at the top of the hourly chart, which is a detail that should not be ignored.

Environmental Analysis: Currently, we are in a high-level area with a rhythm of repeated fluctuations, lacking a clear trend direction. European and American institutions are gradually entering the Christmas holiday, and market participation has significantly declined, making it easy to be misled by rapid spikes. The Fear and Greed Index is still hovering in the extreme fear zone, and the actions of the main players have also become less active. In this environment, controlling position size well, gradually building positions at low levels while stepping out gradually at high levels is a relatively prudent approach.

Reference operational ideas:
• If Bitcoin falls back to the range of 85500-85000, consider gradually building long positions, setting a stop loss of 500 points, with a target above 87000.
• From a short-term perspective, a moderate short position can be attempted in the range of 89000-90500, with a stop loss set at 91500 and a target looking towards 87500-88000.

Details to pay attention to: Recently, there have been frequent disturbances in the market due to news, and it is common to see a quick rise after the opening followed by a drop. Be sure to remain vigilant. Trading volume usually shrinks over the weekend, and a narrow range oscillation pattern is expected to continue. The true direction may not become clear until after the holiday.

BTC-2,55%

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P2ENotWorking

· 2025-12-24 04:51

88700 repeated testing, to put it bluntly, it's just that the institutions are on holiday and not moving, waiting for us to catch a falling knife.

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PretendingSerious

· 2025-12-24 04:34

It's that same old trick of repeatedly using long wick candles again. I don't believe it can break through 90000 this time.

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RugPullAlertBot

· 2025-12-21 12:50

It's this same old trick again, long wick candle at high positions and Accumulation at low positions, retail investors are always played around by divergence signals. Will we only see clearly after the holiday? That's funny, by then it will already be at 90,000.

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Anon32942

· 2025-12-21 12:47

Repeated testing at 88700, it's frustrating... This Christmas holiday came at the wrong time, the market makers are all on vacation slacking off. The double top has to really break 90000 to look interesting; otherwise, it will just oscillate like this, boring me to death. The divergence signal also makes me uncomfortable; the details on the hourly chart shouldn't be ignored.

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OnchainHolmes

· 2025-12-21 12:45

The Christmas holiday lacks liquidity, this long wick candle is really amazing, we need to be careful.

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OnChainDetective

· 2025-12-21 12:40

The position at 88700 is being tested repeatedly... I always feel something is off, why are they stuck here for so long? Let's see if there are any signs of large whale transfers on-chain... The long wick candle trick combined with the reduced liquidity during the Christmas holiday, as soon as this combination appears I know someone is watching retail investors, it's too typical. A stop loss of 500 points is set quite harshly. Is the MACD golden cross divergence signal appearing at the same time? Isn't this just the market maker performing a psychedelic operation, enticing the bulls while setting short traps? I bet there must be institutions manipulating this behind the scenes. Still adjusting in a state of extreme panic, indicating that the market maker hasn't truly made a strong push yet, waiting for a breakout after the holiday. The real direction choice... it's laughable, all predetermined by the market maker.

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