Looking at the four-hour cycle, the Bollinger Bands are continuously expanding downward, indicating clear bearish pressure. The price has approached the resistance level of 88,500 multiple times but has not been able to break through effectively. There is still considerable selling pressure above.
In the past two days, 85,000 has become a key support level, and it will need to be tested again to see if it can hold.
Evening trading suggestions: primarily focus on short positions, with occasional long positions on rebounds. Currently, the price is still in a relatively low range, so it’s advisable to wait and see if there’s a rebound opportunity before entering the market.
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P2ENotWorking
· 12-20 11:51
The 85,000 mark is about to be broken again. Why aren't the big players moving yet?
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ZkProofPudding
· 12-18 22:19
If 85,000 can't hold, it will drop again. It feels like we're constantly pulling back and forth here every time.
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CryptoNomics
· 12-17 12:22
ngl, your bollinger band thesis completely ignores the endogenous factors driving order flow asymmetry rn. statistically speaking, this reads like textbook confirmation bias wrapped in TA cosplay.
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SatoshiChallenger
· 12-17 12:22
Interesting, once again the argument that 85,000 can or cannot hold. The last time it was said like this, the price directly dropped to 82,000... Data shows that the effectiveness of such "key support" levels is much lower than you think.
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MissedAirdropBro
· 12-17 12:15
We must hold the 85,000 level, or else we'll break through directly.
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BottomMisser
· 12-17 12:07
Is it time to test 85,000 again? Can we really hold it this time? It feels like the big players are waiting for something.
#大户持仓动态 December 17th, Wednesday night $BTC $ETH Market Review
Looking at the four-hour cycle, the Bollinger Bands are continuously expanding downward, indicating clear bearish pressure. The price has approached the resistance level of 88,500 multiple times but has not been able to break through effectively. There is still considerable selling pressure above.
In the past two days, 85,000 has become a key support level, and it will need to be tested again to see if it can hold.
Evening trading suggestions: primarily focus on short positions, with occasional long positions on rebounds. Currently, the price is still in a relatively low range, so it’s advisable to wait and see if there’s a rebound opportunity before entering the market.
$BTC suggested focus: 87,200-87,500 (Current price: 85,500)
$ETH suggested focus: 2,980-3,010 (Current price: 2,800)
The movements of large holders during this round of correction are worth paying attention to, as the market trend may be influenced by them. $BNB