It's not a matter of whether to chase or not, BTC is at a position where it 'must choose a direction'?
The price of Bitcoin is nearing the intersection of the descending trend line and the main ascending trend line. One of these trend lines is bound to be broken. This means a short-term pullback is also on the horizon. This week may be the time for the next major market movement to begin. The next wave of reversal is about to arrive
The price of Bitcoin is currently approaching a resistance level of $89,500, with the main downtrend line slightly above this resistance. However, since the 4-hour Stochastic Relative Strength Index (RSI) has peaked, along with the 8-hour and 12-hour indicators, a price reversal is imminent.
From the LTC 1-hour level, the upward structure has gradually been established.
In the short term, there is indeed pressure at the 78 level, but the price is repeatedly testing the breakthrough, and the trend has not weakened. In terms of technical indicators, after the MACD green bars continued to expand, there were signs of convergence, and there is an expectation of a switch in momentum; the KDJ remains in a strong zone, with bullish accumulation characteristics being quite obvious.
Personal thoughts (for reference only, be sure to strictly control risks): Long position focus range: 77.5 – 76.5 Target level: around 79 – 80
Overall thinking leans towards buying on dips, participating with the trend, not chasing highs, and the key is to see whether the strength of the dip support remains effective.
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BTC is currently judged based on a descending wedge. The price on a smaller scale has reached the upper edge of the descending wedge, which is also the pressure line. If it cannot break through, it is estimated that there will be a pullback. For those still holding long positions, you can wait for a pullback to the 87,000-86,000 range to enter long positions again. After that, there should be an accelerated rebound to break through the upper edge. The short-term target is at least above 90,000.
The current small-scale pattern and indicators are oscillating and digesting, especially on the 1-hour chart. The high position dead cross has not seen a price drop. Before the next breakout, it may induce a downward fake-out, and this fake-out will be our opportunity to enter long positions again!
CLO: Immediate short position, the rebound has reached its point
CLO Last night at 21:00, there was a sharp drop of 33% on the hourly chart, followed by a rapid and strong rebound, significantly breaking through the previous high, with prices nearing a doubling. This movement essentially reflects emotional recovery and liquidity replenishment under extreme volatility, rather than a trend reversal. Key signals have now emerged: Rebound momentum has clearly weakened The 1-hour trend has begun to turn downward High volume at elevated levels but unable to push higher, resembling a distribution after a surge
Structurally, this wave belongs to the typical script of **'sharp drop → excessive rebound → subsequent decline'**. Emotions have been fully released, and prices have provided the shorts with a sufficiently good position.
The Bank of Japan confirms interest rate hike The market BTC ETH starts to rebound
There are 2 reasons 1: Because it has already dropped beforehand: the market has already priced in this interest rate hike in the past week or two (for example, BTC dropped from 92,000 to 85,000) 2: "The shoe drops" - when everyone knows the bad news has finally happened, uncertainty is eliminated, and some funds dare to come back to buy the dip / cover short positions
The core message is: this is the short-term trading result of "buying expectations, selling facts" but not a trend reversal. The real test will be the long-term pressure of global liquidity being drained after the yen continues to strengthen
ACX: Callback digestion completed, structure still leans bullish
ACX has entered a healthy correction phase after the previous round of increase, with downward momentum effectively absorbed. The price has gained support in key areas, showing that buyer strength is regrouping to prepare for the next phase of the market.
From a structural perspective, the bullish trend has not been broken. This adjustment reflects more of a cooling of momentum rather than a trend reversal, providing patient funds with a more cost-effective participation opportunity.
Trading plan | ACX / USDT
Entry range (LP): 0.0528 – 0.0532
First target (TP1): 0.0548
Second target (TP2): 0.0565
Third target (TP3): 0.0580
Stop loss (SL): 0.0515
Key points of trading:
Under the premise of maintaining a bullish structure, we are currently in the 'pullback confirmation' phase. Execution should strictly control risks, gradually realize profits, avoid emotional chasing of prices, and wait for the price to reach its destined position.
Manage risk well, and profits will naturally amplify;
Not chasing the rise is the greatest respect for the account.
The Bank of Japan will raise interest rates by 0.25% on December 19, which is the day after tomorrow.
During the last three interest rate increases by the Bank of Japan, the price of Bitcoin has dropped each time. March 2024 → -24% July 2024 → -30% January 2025 → -32% December 2025 →_____ #币圈
Bitcoin faces extreme panic selling, plummeting to $85,000: Final capitulation or bear market trap?
As Bitcoin falls to $85,000, sentiment in the cryptocurrency market has nearly hit an all-time low. Does Bitcoin signal the direction of the entire financial system? Is the U.S. stock market about to face a significant correction? Or is Bitcoin just bouncing off the bottom, after which it will return to higher levels? Is the U.S. stock market about to crash?
From the weekly chart of the S&P 500 index (the largest companies in the U.S.), it seems that the index is about to correct. The upward channel has been maintained for several years, and after reaching the top, the next logical move is a pullback to the bottom. The Stochastic RSI and the Relative Strength Index (RSI) below also favor this scenario, as they are crossing downwards or correcting.
The ultimate short seller has partially closed BTC short positions again. Cryptocurrency trader Paul Wei has consecutively executed four BTC long trades. According to ChainCatcher, the market has significantly declined today, with several whales positioning themselves for long trades at the bottom. The "ultimate short" whale, which has not shown new movements for ten days, has partially closed positions again. The "BTC OG insider whale" is facing significant floating losses, with specific information as follows: "pension-usdt.eth": Opened a 3x leveraged BTC long position at 0:00 today, with a position size of approximately $85.76 million and an average price of $86,300, now rising to become the largest long position on Hyperliquid for BTC. It has opened and closed positions a total of four times yesterday, recording a profit of about $2.8 million. "Calm Order King": Opened new BTC, ETH, and SOL long positions in the past 6 hours, with a total position size of $7.11 million. The overall account currently has a floating loss of about $20,000. Additionally, at 1:00 today, this address completely closed its BTC, ETH, and SOL short positions, achieving a profit of about $13,000. "Ultimate Short": Closed BTC short positions today amounting to about $8.6 million, recording a profit of about $2.37 million. The current BTC short position size has decreased to $61.88 million, with a floating profit of $18.46 million (542%), liquidation price at $104,000, still placing orders to maintain a bearish view until $68,000, currently ranked second on Hyperliquid's BTC short leaderboard. "Paul Wei": Executed four new BTC long trades last night and this morning, with current BTC long positions facing a floating loss of about 7%, accounting for 15% of a total capital amount of $100,000. Most of the funds are still in pending orders. The trigger range for BTC long and short orders is approximately between $84,800 and $93,300. Since November 16, it has accumulated a profit of $3,100. #币圈
Bitcoin (BTC) price stagnates at 92,000 USD: Is the final bottom still forming?
Since the Bitcoin price hit a low of 80,000 USD, it has generally shown a trend of sideways consolidation and upward movement. Is the bottom still forming? When will Bitcoin finally break through the current bearish flag pattern? The final moment for the Bitcoin price decision is approaching.
The short-term chart for BTC shows that the price movement is still consolidating sideways, but slightly leaning upwards. The chart displays two descending trend lines, as the breakout may not have occurred yet based solely on the candlestick shadows. Nevertheless, the price has begun to touch the resistance level of 94,000 USD. The outer descending trend line is currently positioned below this resistance level.
Bitcoin falls after the Federal Reserve announces 'hawkish rate cut'; is the likelihood of a Christmas rally low?
On Thursday, the Federal Reserve announced a 25 basis point rate cut, which was in line with market expectations. However, at the same time, the guidance provided by the Fed was interpreted by analysts as cautious—despite a brief rebound before the meeting, risk assets still declined as a result. Before the announcement, Bitcoin's price briefly rose to $94,500, then sharply declined, continuing the trend of the past year, where Bitcoin's price has fallen after seven out of the last eight FOMC meetings. The latest trends have led to a decline in Bitcoin prices, which had previously attempted to return to the mid-$90,000 range but failed to succeed. Ethereum's trading price has dropped below $3,200, and with the decline in altcoin prices, the entire cryptocurrency market has also seen a downturn, according to The Block's price page. This also means that Bitcoin and Ethereum have both shown negative performance over the past 12 months and so far this year.
On the morning of the 11th at 3 o'clock, Federal Reserve Chairman Powell pressed the button that the market had long priced in: a 25 basis point rate cut. The subsequent plot should have unfolded according to the script of the crypto market: the liquidity floodgates opened, the US dollar index plummeted, and Bitcoin surged towards the $100,000 mark. In fact, the first 15 minutes played out exactly like that—with Bitcoin violently soaring to $94,476, and the alerts for liquidated short positions ringing out across the network. However, the revelry lasted less than an hour. As Wall Street traders parsed the Federal Open Market Committee (FOMC) statement and the Summary of Economic Projections (SEP) line by line, market sentiment underwent a dramatic reversal. Bitcoin not only gave back all its gains but also declined to $91,384 in the following hours, forming a standard 'inverted V' shape.
Bitcoin (BTC) breaks through 8-week downtrend resistance - Is the bull market reigniting?
Bitcoin finally broke the eight-week downtrend line on Tuesday after showing signs of a breakout on Monday. If the Bitcoin price can stay above the downtrend line on Wednesday, a daily level breakout confirmation will be obtained. Does this signal the imminent restart of a bull market? Federal Reserve Chairman Powell's remarks are crucial The Federal Open Market Committee (FOMC) meeting is expected to announce further rate cuts later today. Following two rate cuts of 25 basis points in September and October, another 25 basis point cut is expected to stimulate economic growth and create favorable conditions for risk assets like Bitcoin.
As of this morning, the Bitcoin price is fluctuating around $92,700. Looking back at yesterday's (December 9) market, the price once surged to a high of $94,556 but then faced pressure and retreated, entering a consolidation phase. This pattern of 'rising and then falling, high-level adjustment' clearly indicates a significant divergence in the market at this position. From a technical structure perspective, the 4-hour candlestick chart shows an alternating pattern of rising and falling, with the price recovering above the upper Bollinger Band, where bullish momentum has somewhat paused; the market is gathering strength for the next directional choice. On the daily chart, the Bollinger Bands are parallel, with the price retracing from the upper band. The $95,000 level, along with the upper Bollinger Band on the daily chart, forms an important defensive position for short-term bears. If it can break through, it may trigger a new round of explosive growth; if it cannot break through, the market will continue to operate within the current high-level fluctuation range.
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Cryptanalysis expert 'TXMC' stated on platform X that despite the recent decline in Bitcoin prices, the liveliness of this cycle continues to rise, indicating that there is a bottom in the demand for spot Bitcoin, which has not been reflected in the price trend. This may mean that the bull market cycle of this round has not yet ended. The analyst claims that this indicator reflects the long-term moving average of Bitcoin's on-chain activity, which is the sum of all lifecycle spending and on-chain holding activity. During a bull market, as supplies change hands at higher prices, market 'liveliness' typically increases, indicating a new influx of investment capital.