Flow Daily News | 2025.12.17

Monday's breakdown decline continues today, and the market has entered a phase of shrinking volume to find a bottom. Both Bitcoin and Ethereum have failed to organize effective rebounds and are weakly oscillating below key support levels, further consolidating the bearish pattern.

📍 Key level confirmed broken

· Bitcoin (BTC): Support at $88,000 has turned into strong resistance, with the price continuing to trade below $85,200. The next core support shifts down to $83,800.
· Ethereum (ETH): The $3,000 defense line has been confirmed broken, currently testing the daily support at $2,870, with a potential target of $2,600 indicated by the pattern.

⚡ Market Data Focus
In the past 24 hours, the total liquidation amount across the network still exceeds $150 million, with longs accounting for over 75%. This indicates that leverage liquidations are ongoing, and market sentiment remains in the "extreme fear" zone, with weak buying pressure.

🧭 Bull and Bear Perspectives

· Bearish dominance: Technical breakdown confirmed, with whales still reducing holdings on-chain. The market lacks strong rebound catalysts, and any upward retracement faces heavy selling pressure.
· Bullish opportunity: The market has entered an oversold zone, with $83,800 (BTC) and $2,700 (ETH) being recognized as strong support zones, likely to attract long-term buyers and trigger a technical rebound.

💎 Flow Perspective
The current market is in a typical "breakdown - bottom-finding" bearish phase. The short-term key focus is whether the critical support below can form an effective base.

· Most likely path (weak oscillation): The market will oscillate weakly at the current levels (BTC $83,800-$85,200 / ETH $2,700-$2,900), using time to gain space and digest panic selling. This is a necessary process for stabilization.
· Secondary path (accelerated bottoming): If support zones are broken with increased volume, the market will enter panic selling, with Bitcoin possibly sliding to $78,000-$80,000, and Ethereum quickly dropping to $2,600 or even $2,400.

Operationally, avoid any left-side bottom fishing, and patiently wait for clear signs of a trend reversal at strong support zones.

Note: The above is only a summary of market information and does not constitute any investment advice. #市场触底了吗？