Bitcoin is stuck near the $90,000 mark. The bullish momentum has severely weakened and lost much of its attacking power. The market has shifted from the enthusiasm of "buying the dip" to fear of liquidation risks. Coupled with the fading of the overall positive environment, short-term pressure is now concentrated around $91,000 to $92,000.
What if the trend truly weakens? First, it will test the $88,000 to $89,000 support zone. If this line is broken, the downward wave will really open up, and the next challenge will be the defense line at $85,500 to $87,500. Going further down, the critical neckline at $85,000 will come into play.
Ethereum is also having a tough time. It is being firmly pressed down by strong resistance in the $3,180 to $3,200 range, with the hourly bearish trend line showing no signs of loosening. The lifeline below is at $3,050 to $3,080. If this line also breaks, the psychological barrier at $3,000 will be at risk. In simple terms, both cryptocurrencies are hitting a wall at key resistance levels, and the market is now more inclined to test support levels downward — this possibility is increasing.
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LiquidationWatcher
· 17h ago
It's about to break again; I really feel this wave is hanging by a thread.
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GateUser-00be86fc
· 12-15 12:09
The bulls are losing momentum; this wave is indeed a bit uncertain.
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RamenStacker
· 12-15 12:08
The bulls really have no strength left in this wave, it feels like they're just making their final desperate struggle.
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MissedAirdropBro
· 12-15 12:08
Damn, is it dropping again? What about the positions I bought at a high yesterday?
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MentalWealthHarvester
· 12-15 12:07
Oh no, it's starting to dip again. I really don't dare to buy the dip this time.
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The bulls are really losing momentum, feeling like they're about to break through the defenses.
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Is 88000 going to break or not? This is a matter of life and death.
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It's a resistance level and a support level again, so annoying.
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Can't even hold 3000 ETH? Then we're really done.
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Who still dares to catch the falling knife now? They must be very brave.
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Buying on dips? That's laughable. Now everyone is just selling on rallies.
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Feels like this wave is endless and relentless.
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Breaking 85000 means breaking even. Let's pray, brothers.
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ContractHunter
· 12-15 12:06
Haha, it's time to harvest the little leeks again, huh? That's hilarious.
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ReverseTradingGuru
· 12-15 12:05
Damn, they're starting to tell stories again. Let's talk about breaking 90k first.
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DegenWhisperer
· 12-15 11:57
Are the bulls already losing momentum so quickly? Felt like they were just soaring yesterday.
Bitcoin is stuck near the $90,000 mark. The bullish momentum has severely weakened and lost much of its attacking power. The market has shifted from the enthusiasm of "buying the dip" to fear of liquidation risks. Coupled with the fading of the overall positive environment, short-term pressure is now concentrated around $91,000 to $92,000.
What if the trend truly weakens? First, it will test the $88,000 to $89,000 support zone. If this line is broken, the downward wave will really open up, and the next challenge will be the defense line at $85,500 to $87,500. Going further down, the critical neckline at $85,000 will come into play.
Ethereum is also having a tough time. It is being firmly pressed down by strong resistance in the $3,180 to $3,200 range, with the hourly bearish trend line showing no signs of loosening. The lifeline below is at $3,050 to $3,080. If this line also breaks, the psychological barrier at $3,000 will be at risk. In simple terms, both cryptocurrencies are hitting a wall at key resistance levels, and the market is now more inclined to test support levels downward — this possibility is increasing.