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December 25 Bitcoin / Auntie Hou Market Outlook
The price surged strongly from around 86,300 to a key resistance at 88,000, then quickly fell into a stagnation deadlock and retraced rapidly. Bitcoin's resistance levels continue to move downward, and bullish momentum visibly weakens. In the short term, bears undoubtedly dominate!
On the four-hour chart, the market is entirely in a downtrend structure. The Bollinger Bands are continuously diverging downward, and after being pressured at the upper band, the price broke through the middle support line and accelerated downward along the lower band. The rebound space is continuously compressed; the MACD indicator shows a deepening death cross, with green energy bars expanding, indicating ongoing bearish strength. Bulls have no power to fight back. The trend is likely to continue weak oscillation or even further decline.
Bitcoin Trading Suggestion: Rebound near 88100-88900, then look down to 87000-85500. If broken, continue to lower levels.
Auntie Hou Trading Suggestion: Rebound near 2970-3030, then look down to 2890-2750. If broken, continue to lower levels.