2025-12-31 03:27:29

The market's movements at key nodes always seem a bit strange. Bitcoin疯狂试探支撑位在上周五， this week it shifted to testing the Ma30(89000) resistance. Tomorrow marks the start of the monthly candle, and Bitcoin has closed lower for three consecutive months, but currently, although liquidity is average, it hasn't fallen into the almost illiquid dead silence typical of deep bear markets. Based on this logic, January is highly likely to turn positive, so it’s probable that the recent repeated tests of the 89000 resistance level will continue.

Ethereum dropped from 3447 to 2766 but held a triple bottom, with an expected rebound space up to 3180.

On the altcoin side, BCH is still oscillating around 600, mainly observing. Although XPL hit a small high today, trading volume has started to decline, so chasing highs is not recommended. As for CYBER and POLYX, these are rebound tokens that have fallen for half a year; the recent gains in these coins are technically insignificant rebounds. Instead of chasing highs, it’s better to wait for a pullback opportunity and prepare in advance.

BTC0,9%

BCH0,37%

XPL14,61%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
6
Repost
Share

Comment

0/400

NFTregretter

· 6h ago

The candlestick has been bearish for 3 consecutive months. Do you still dare to say that January will turn red? I really don't quite understand this logic. Those trapped are all waiting for a rebound. Wake up. XPL trading volume is declining, and people are still chasing? Truly playing with fire. Can the resistance level of 89,000 be broken? It feels like we need to try again. I advise everyone not to touch rebounds like CYBER and POLYX. After falling for half a year, a rebound makes people excited. It's a typical trap to cut the leeks. Ethereum holding the triple bottom is good, but can it really reach 3180? Chasing high now is just asking for death. I’d rather wait for a good entry point to lay low.

View OriginalReply0

AirdropHunterXiao

· 6h ago

89000 is indeed a bit congested at this level, I'm almost tired of it. --- The three-month line closed bearish, turning green is a bit uncertain, my friend. --- Still dare to chase after XPL's declining volume? You're asking for trouble. --- Rebounds like CYBER and POLYX are really boring, wait for a pullback. --- Holding the triple bottom for Ethereum is somewhat interesting, let's see if it can break through 3180. --- The monthly chart has been a bit volatile these days, feels like there might be a play in January. --- All altcoins are traps, better to stick with Bitcoin for reliability. --- Liquidity is average but not dead, this signal is actually still okay. --- BCH is lying flat at 600, not much to see here. --- Lurking is much more comfortable than chasing highs, just wait for the opportunity.

View OriginalReply0

LayerZeroHero

· 6h ago

89000 is about to torment people again, huh? This resistance level is really toxic. In January, I bet five bucks on a rebound, but it still needs to continue falling. As long as ETH holds, it's all good. Don't overthink it. When XPL's trading volume declines, it's time to run. Chasing highs will only cost you an IQ tax. I really don't trust the rebounds of CYBER and POLYX. Waiting for a pullback is the right move. The monthly chart has three consecutive bearish candles. This strange trend is really a bit overwhelming. Low liquidity isn't a problem; the real concern is getting trapped around 89000. The rebound level at 3180 still looks okay, but holding above 2766 is the key. The BCH oscillation around 600 bucks is making people a bit confused.

View OriginalReply0

CryptoTarotReader

· 6h ago

If 89,000 can't be held down, then the rebound is pointless. Still hoping for a green close after three months of closing in the red—this logic is a bit far-fetched. Once XPL's volume diminishes, I know it's going to cool off. Don't chase it, everyone. Holding the triple bottom is somewhat promising, but a rebound to 3180 doesn't necessarily mean a breakout. Fake altcoin rebounds are all just illusions; I prefer to wait for a pullback to accumulate reliably. Liquidity is so awkward; a return to green in January is just a hopeful illusion. Bitcoin at this level is just a repeated torment. I would rather sleep than chase CYBER's half-year decline rebound. The 89,000 resistance level is really annoying, stuck there all the time. The monthly candle has been red for three months, yet still hoping for a rally—lack of confidence.

View OriginalReply0

gas_fee_therapist

· 6h ago

89000, this resistance level is really annoying. I've tested it multiple times, feeling like either a breakout or a drop is coming. Holding the triple bottom is not bad, but don't be too optimistic; the rebound space is limited. Fake rebounds from shanzhai projects are all false, I won't chase them. XPL trading volume has indeed declined, don't be fooled. CYBER and POLYX, which rebounded after falling for half a year, look tempting with their gains but are actually traps. Wait for a pullback. Will the monthly chart turn red? The probability is high, but don't be too greedy. The January trend looks quite uncertain.

View OriginalReply0

BrokenYield

· 6h ago

nah the "three months of red candles into january green" narrative is classic hopium cope—been here too many times. liquidity drying up isn't bullish, it's just market apathy before the next leg down tbh.

Reply0