2025-12-31 07:22:13

For friends who are optimistic about Bitcoin facing short-term pressure, you can listen to my analysis of recent trends. I am currently still holding short positions and leaning towards a bearish outlook for the upcoming market.

Yesterday's rebound was not weak, but the problem is that it didn't establish a firm footing and instead quickly retreated. This small-scale rebound pattern is somewhat similar to a typical secondary high point. From the candlestick pattern, a triangle convergence has already formed.

Looking at the indicators—bulls initially had the advantage, but continuous oscillation has gradually weakened the bullish momentum, providing conditions for a downward breakout of the triangle. Additionally, the current price has repeatedly approached the EMA resistance line, increasing the likelihood of a decline.

If you want to set a defensive level, consider the range of 8.95K to 9K as a reference. Once this level is broken, it could confirm a new downward cycle.

BTC-0,67%

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GasGasGasBro

· 16h ago

Another fake breakout again. It looks like a rebound but is actually just a trap to lure more buyers. If it breaks below 8.95, be mentally prepared to buy the dip.

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PhantomHunter

· 16h ago

The triangle converges downward and breaks, with weakening volume. This is the signal. Holding short positions is no problem.

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LightningWallet

· 16h ago

I agree that the bullish volume is weakening, but I think we need to wait and see about the triangle breakout; don't jump to conclusions too quickly. The rebound hasn't stabilized yet, so it's a bit shaky, but before breaking below 90,000 this time, I still want to wait and see. I'm also holding short positions, but to be honest, the repeated friction with the EMA these days has been a bit exhausting.

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ForkThisDAO

· 16h ago

Triangular convergence breaks downward, and declining volume indicates it's over. Holding onto short positions is still correct. A rebound that doesn't hold steady is a signal. I've seen this pattern too many times. The 8.95 line must be defended; if broken, it's game over. The bulls are timid this round. After the oscillation exhausts itself, it'll be our turn. Repeated tests of the resistance line suggest it will definitely break next time. Are you ready to jump in, everyone?

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GasDevourer

· 16h ago

The short position is still held, this rebound is indeed weak and unsteady.

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WhaleStalker

· 16h ago

Triangular convergence is indeed stressful, but I am still waiting for a confirmed break below 90,000. Entering a short position now feels a bit too early.

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