Merry Christmas! The US stock market is closed today, and the overall crypto market remains the same weak situation.



This morning, Bitcoin once rebounded to around 88,000, seeming to have some movement, but ultimately lacked strength. The key resistance level couldn't be broken through at all; a slight push upward was quickly pushed back down. The short-term upward momentum is weak, which is the current reality.

From a technical perspective, the situation is a bit chaotic. The RSI indicator is hovering in the neutral to slightly lower range, clearly favoring the bears. The range between 89,500 and 90,500 has formed a noticeable resistance zone; breaking through it requires increased volume, otherwise, it’s unlikely. The US stock market holiday has also led to insufficient liquidity, so in the short term, the probability of continued sideways or downward movement is higher. Once 86,500 is broken, the 85,000 level is very likely to become the next key support.

Today’s trading space is limited, after all, the market is closed. Consider shorting around 88,500 to 89,000, targeting the 87,000 to 86,500 area.

#数字资产市场动态 $BTC $ZEC
BTC1.17%
BANANA17.96%
ZEC0.06%
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GasFeeSobbervip
· 13h ago
88,000 has been smashed down again, hilarious, still want to break through? Dream on. --- With such a strong short position, don’t expect to go up in the short term; liquidity is gone. --- As soon as the US stock market closes, there’s no one left; this is the current market situation. --- If 86,500 breaks, we’ll have to watch 85,000; at that point, it will be another bloodbath. --- Holiday mode activated, the crypto circle probably also taking a break. --- RSI is already like this, still want a rebound? Just set your short positions and it’s over. --- Shorting between 88,500 and 89,000? I’ll first see if it can reach 88,200 before making a move.
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LeekCuttervip
· 13h ago
It's been knocked back again, unbelievable. Can't even hold 88,000, and now you want to break through 90,500? Dream on.
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0xTherapistvip
· 13h ago
88k has been knocked back again, this rhythm is really incredible, it's always like this. But on the other hand, playing short positions during market close is a bit risky, with such poor liquidity, what if it suddenly surges.
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ReverseTrendSistervip
· 13h ago
88,000 has been smashed down again, really incredible... This resistance level is like a nail, it just can't be broken through. The bears are so arrogant, let's just wait for them to expose themselves.
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HashRatePhilosophervip
· 13h ago
It's the familiar pattern again, getting held down during rebounds, so annoying. Wait a minute, we can only watch the show if 86500 breaks. It's still early. The excuse of the US stock market being closed is really smooth; basically, there's no volume and no show.
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MissedAirdropAgainvip
· 13h ago
It has been smashed down again. This tough resistance level is really a sure thing.
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