From the current market situation, Bitcoin touched a low of $85,500 yesterday, and a brief surge occurred this morning, rising to around $90,000, driven by over $110 million in short position liquidations and a concentrated influx of spot buying. However, the sustainability of the rise is insufficient; as of now, the price has retreated to around $88,000, mainly constrained by the strong resistance zone of $92,000-$94,000 — this area overlaps with previous highs and the pressure from the descending trend line, which has repeatedly become a “roadblock” for rebounds. Meanwhile, ongoing selling by long-term holders poses potential pressure, with nearly $300 billion of dormant Bitcoin re-entering circulation in 2025, while ETF fund outflows have weakened market absorption capacity, limiting the rebound space.
The technical indicators show conflicting signals: on one hand, the daily RSI indicator shows bullish divergence, with prices making new lows but the indicator's lows rising, and the RSI previously dropped below 30 into the oversold territory, indicating a short-term correction demand; on the other hand, although the lower Bollinger Band provides support, the death cross of the moving averages above significantly suppresses prices, and the four-hour MACD shows diminishing volume, suggesting insufficient upward momentum. Key support focuses on the $85,000-$86,000 region, where previous lows, long-term trend lines, and the average ETF cost line converge, representing a “lifeline” for determining short-term trends; an effective breach would open up a downward space to $80,000-$82,400; if support holds, $89,400-$92,500, as a Fibonacci retracement level and the convergence area of active address average costs, could become a rebound point.
- Short-term judgment: Today’s probability of fluctuation is high in the $85,000-$89,000 range, with a high probability of a slight dip near $85,000; if it holds, a deep drop is unlikely, but a breach would accelerate the decline to $81,000-$82,400. - Conditions for triggering a deep drop: A daily closing price below $85,000 + continuous net outflows from ETFs + significant declines in U.S. stocks could potentially lead to $80,000 or below, though the probability of extreme situations is low. - Small rebound opportunity: RSI shows bullish divergence; if support holds, a slight rebound to $89,000-$92,000 is possible, but the probability of encountering resistance and falling back is high.
Suggestion: If it falls below $85,000, decisively reduce positions; using stop-loss operations is more prudent.
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After all, truly reliable investments have always been realized through one's own understanding.
Bitcoin $BTC my other account is still holding on.
1. Core Observation Signals (Focus on Decision Day)
1. Interest Rate Hike Magnitude and Guidance: Benchmark expectation +25bp to 0.75%; exceeding expectations +50bp or clearly stating 'continuous rate hikes'; dovish stance maintains interest rates/guidance 'highly data-dependent, gradual'. 2. Key BTC Price Levels: Support at $85,000-$86,000 (based on daily closing price); resistance at $89,000-$92,000. 3. Funds and Sentiment: ETF fund flow, long-short ratio in futures, whether USD/JPY breaks 150 (if it breaks, there will be increased pressure to close positions).
1. Baseline Scenario (+25bp + Mild Guidance) - Performance: BTC fluctuates between $85,000-$89,000, slightly dipping before rebounding. - Operations: - Positions: Hold spot, set stop loss at $85,000 for leverage ≤ 3x, reduce 1/3 at $89,000-$90,000. - Funds: Keep 30% cash, can add small positions near $85,500 on a pullback. 2. Hawkish Scenario (+25bp + Hawkish Guidance or +50bp) - Performance: BTC breaks $85,000, accelerating down to $81,000-$82,400. - Operations: - Stop Loss: Reduce 1/2 of spot positions if it breaks $85,000, close all leveraged positions. - Wait and See: Do not catch the bottom, wait for stabilization at $81,000-$82,400 to reassess, extreme downside target at psychological level of $80,000. 3. Dovish Scenario (Maintain Interest Rates or +25bp + Extremely Mild Guidance) - Performance: BTC quickly rebounds, hitting $89,000-$92,000. - Operations: - Take Profit: Reduce 1/2 at $89,000-$90,000, clear leveraged positions near $92,000. - Chase Positions: If it stabilizes above $90,000, can add small positions up to $92,000, set stop loss at $88,500.
3. Risk Control Rules (Must Execute)
- Leverage ≤ 3x, full positions strictly prohibited; do not open high-leverage contracts before the decision. - Stop loss based on daily closing price to avoid being swept by short-term spikes. - Large fluctuations within 1 hour after the decision, try to adjust positions after 15:30 (after the governor's press conference).
- Short-term judgment: Today there is a high probability of fluctuating between 85000-89000 USD, with a high probability of slightly dipping near 85000; if it holds, a deep fall is difficult, but if it breaks, it will accelerate down to 81000-82400 USD. - Conditions for triggering a deep fall: A daily closing price falling below 85000 + continuous net outflow from ETFs + a significant drop in US stocks resonating, could lead to 80000 USD or below, with a low probability in extreme situations. - Small rebound opportunity: The RSI shows a bullish divergence, if it holds support or slightly rebounds to 89000-92000, but the probability of encountering resistance and falling back is high.
Suggestion: If it breaks below 85000, decisively reduce positions, using stop-loss operations is more prudent. $BTC
On December 18, U.S. President Trump stated that he will soon announce the next chairman of the Federal Reserve. The new chairman of the Federal Reserve will advocate for significantly lowering interest rates.