2025-12-31 04:21:02

December 31 midday market quick notes.

**Bitcoin Technical Analysis**

Bitcoin broke through the 88638 level with volume; if you want to chase long positions on the right side, set good stop-loss points. If it drops below 88358 with volume and cannot recover after a rebound, consider chasing short positions on the right side, also with stop-loss. After a false breakdown and recovery at 87256, add one more long; if the low of the false breakdown or a drop to 86350 is reached, stop-loss—don't hold if it can't recover.

On the hourly chart, Bitcoin only truly takes off after stabilizing at 89038, aiming towards the 89562-90375 zone. Short-sellers should watch for a potential 2B false breakout at 90375; short there, and if it breaks above and stabilizes at 91430, exit with a stop-loss. Conservative traders can wait until 85571 to consider long positions, with a stop-loss if it drops below 84401.

From the pattern perspective, Bitcoin broke through the falling flag but initially aimed to break the 89079 resistance directly, but was blocked. The pullback to test the 88020 support confirmed the support is valid, and now it’s rebounding. Interestingly, a potential W bottom has appeared, with the neckline at 89079. For the W bottom to be confirmed and trigger a second rally, it must break through this neckline. A risk here: each rebound is lower than the previous one. If this rebound cannot create a higher high, then the old support at 86629, which has been tested repeatedly, will definitely break—since it has borne too many rebounds, and with higher highs failing, lower lows will follow.

Resistance levels: 89038-89562-90375
Support levels: 88020-87367-86799
4-hour chart: 88090 break downward to 87260-86771

**Ethereum Technical Analysis**

Ethereum broke through 2981 with volume; chase long on the right side, with a stop-loss. If it drops below 2969 with volume, chase short on the right side, with a good stop-loss. After testing and confirming support at 2919, add one more long; if it drops below 2885, stop-loss.

On the hourly level, stabilizing at 2983, aiming towards 3009-3044. The 3009 level above can be used for short positions; if it breaks above 3055, stop-loss. Left-side order: buy at 2822, stop-loss if it drops below 2772.

Resistance levels: 2983-3009-3044
Support levels: 2944-2909-2866
4-hour chart: 2950 break downward to 2910-2854

BTC-1,43%

ETH-0,15%

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quietly_staking

· 7h ago

Once again, we're in a situation where the market is stuck at a critical point. If 88638 breaks, then we look at 89079; if not, we hold at 86629.

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BTCRetirementFund

· 11h ago

89038 remains unbroken, this rebound is just to harvest the little guys

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FlippedSignal

· 11h ago

Oh no, it's the same old number game again. It feels like these key points are dancing around repeatedly. Wait, can the support at 88020 really hold? It seems a bit risky. On the other hand, Erbing is a bit more straightforward. Just hitting 2983 would be comfortable.

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GateUser-9f682d4c

· 11h ago

Oh, this market trend is a bit complicated. It feels like a repeated testing situation again.

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ChainSherlockGirl

· 12h ago

It's the same old 88638-89038 trick again, feels like the big players are playing word games with us. How many times can the 88020 support hold? Based on my analysis, the rising rebound highs are gradually getting lower, which means they're slowly killing the shorts' hopes. The W bottom neckline at 89079 only counts if it can truly break through; otherwise, it's just another fake move. As for the second pancake at 2981, just a risk reminder—don't chase and get crushed.

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SoliditySurvivor

· 12h ago

Over 88,000, this threshold is indeed a bit hard to hold, it feels like we're going to bounce back and forth again.

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BuyHighSellLow

· 12h ago

It's the same old number game again. If 89079 can't break through, I'll just smash it towards 86629. I just want to see who can actually come out alive this time. --- This hurdle at 88638 sounds like a place for chip handoff. Those trapped on the left want to smash through, while the long buyers on the right have to withstand the psychological pressure. --- W bottom? Ha, I just want to see if the secondary rebound is another fake-out. Anyway, I've already set my stop-loss. --- If 89038 holds steady, I'll stay; if not, I'll run. It's that simple. --- Ethereum's support at 2919 feels solid, but I need to think about the short position at 3009 — it feels like a trap. --- Claimed to be a potential W bottom, but the rebound is weaker each time. Isn't that telling us it's time to get out? --- 87256 fake breakout and recovery? Bro, let me see clearly first, don’t get cut once and then get caught again.

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