2025-12-12 06:22:54

The current market movement is quite intriguing. The previously announced 96.5K was never touched; it started dropping from 94.5K. Honestly, the bullish momentum feels a bit weak. Most likely, we will see the price fluctuate within the 84K to 94K range.

Let's talk about Bitcoin's situation. Every time it reaches above 94K, it might be dragged to 96-98K to harvest some liquidity, then it will continue to fall as it pleases. Currently, there are two supports to watch: 89K and 87.7K. Holding these two levels could give a chance to test near 94K again.

But it must be made clear—this is a rebound, not a reversal. Bulls shouldn't get too optimistic; market expectations have shifted from "still potential to soar" to "range-bound oscillation." The hourly chart looks shaky, and retail traders' willingness to go long is noticeably weak.

However, the rebound momentum from the 2-period moving average is strengthening, and the 3-period moving average is likely to activate next week. If the Bollinger Bands range (93.5K–94.2K) is broken, then the 3-period moving average rebound could push the price directly to 97.4K–98.8K. This area is definitely a liquidation zone for bears. The problem is, after pushing up, next week might bring some major negative news to knock the price back down.

So, the current key defenses are: bulls defend 89K, and a break below directly signals a move downward; bears defend 94.6K, and a break above would mean short-term bears are basically done.

Now, let's look at Ethereum. Recently, ETH has been showing more strength than BTC, forming a clear W-bottom pattern on the daily chart. It not only reclaimed the MA30 but is also preparing to push MACD towards zero. Once stabilized, the target is 3400–3500.

But there's a problem: the rise from 2700 to 3400 already gained 30%, and the structure is a bit complicated. All signals point to being near the top. Currently, ETH is oscillating in this top range, with an extreme around 3660–3700.

There isn't much room to go higher, and future movements won't look very good. A 20% or more correction is inevitable; dropping into the teens is unavoidable.

BTC-2.81%

ETH-5.13%

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LowCapGemHunter

· 15h ago

This bullish wave is indeed very weak; with this momentum, do they still want to break 96.5? Laughable. Most likely, it will be stuck in this range, grinding forever. The lines at 89K and 87.7K must hold, or else it will just go straight down. A rebound is not a reversal—this is so true. Retail investors are not enthusiastic about going long, so who expects it to take off? ETH is quite resilient; a W bottom has formed, but a 30% increase is structurally complex. There's really no space above 3660-3700, and a 20% correction is inevitable sooner or later, you can't avoid it. If you ask me, just wait for next week's major negative news, push it up, then hit it down again—that's always the market's trick.

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DefiVeteran

· 15h ago

Same old story, bullish and bearish both虚, stuck in the middle and worn out --- 89K being broken really means straight to hell, be careful --- ETH's recent surge was too fast, it will come back up sooner or later, don't be greedy --- Rebound without reversal, tired of hearing that, every time it’s said, it ends up爆仓 --- 3660-3700 is the ceiling? Then I’m preparing to short and bottom fish --- That’s just how Bitcoin is, boring, maybe it’s better to look at smaller coins --- From 96K to 98K, a batch of people will爆仓, the whales should be笑了 --- Rushing from 2700 to 3400 is indeed exaggerated, I believe in a retracement to the 1-digit level --- Bullish is really boring, retail investors are all too scared to move --- Two lines of defense, which one will break?

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AllInDaddy

· 15h ago

You're just teasing again, breaking 89K and heading straight to the core of the Earth. --- This bullish wave is indeed weak, a rebound after rebound, still need a reversal, dreaming. --- Wait, ETH from 2700 to 3400 needs a 20% correction? What should I do now? --- That's right, it's just a range-bound movement, don't think about soaring to the sky. --- Got it, just hold at 89K and 94.6K, simple and straightforward. --- 3660-3700 is the ceiling, going higher is just courting death.

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Ramen_Until_Rich

· 15h ago

It's the same old story, bullish and bearish are both fake, just waiting for the 89K support line to break. The hourly chart is crooked and unstable, retail traders have long lost interest in moving. What’s so tough about ETH? Once it hits 3700, it has to be smashed back, and a 20% correction can't be avoided. Instead of hitting 96.5K, it actually dropped further, and honestly, this momentum is just a fake-out. The 3-day moving average activation is pointless; if negative news comes next week, it'll all be wiped out. The W bottom pattern has fooled many people, and now there's hardly any room left at this level. 94.6K is a threshold; if it can't break through, better to lie low for now. Grinding within the 84K to 94K range requires some patience.

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GetRichLeek

· 15h ago

Damn it, it's this frustrating range again. I wanted to clear out at 94K yesterday, and now I'm seriously regretting it. If 89K can't hold, it's going to explode directly. I bet 5 ETH it breaks. This top range of Ethereum is really annoying. A 30% increase, it's time to sell. Don't wait until it crashes into the low 1X thousands and then cry. Is the 3-day moving average about to take off? I don’t believe you. Next week, they'll come up with some big negative news. The whales' tricks are deep. The bulls are just paper-thin. Retail investors are just watching the show. Who still dares to hold this position? After chopping the 96-98K range, they'll just dump it down. Same old script, brothers. Breaking out of the Bollinger Bands and rushing to 98.8K? Just listen, don’t believe it. Pushing from 2700 to 3400 is already aggressive. Now, chasing this 30% gain isn’t worth it. Wait for a pullback to buy the dip. 89K is the last bottom. If it breaks, admit defeat. Don’t talk to me about technical analysis.

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