2025-12-17 11:51:13

December 17th, Wednesday, Bitcoin and Ethereum Evening Market Review

From the four-hour Bollinger Bands, the channel continues to expand downward, indicating increased volatility. Bitcoin has been frequently testing the 88,500 level in recent days, but each time it gets pushed back, showing strong resistance above.

The short-term support is at 85,000, and the next step depends on whether the market can hold this level. If it cannot, further support levels may need to be tested.

Based on the evening trading logic, it is recommended to primarily consider short positions, with some low-level long positions as appropriate. Currently, the price is near the lower end of the range, so wait to see if there is a rebound opportunity.

Bitcoin reference: 87,200-87,500 range, current price around 85,500

Ethereum reference: 2,980-3,010 range, current price around 2,800

#美联储降息 $BTC $BNB

BTC1,55%

ETH2,97%

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0xLuckbox

· 2025-12-20 05:18

88500 has been pushed back again. This resistance is really tough; it feels a bit difficult to break through.

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ETHmaxi_NoFilter

· 2025-12-19 19:14

88500 has been hammered back again. This resistance level is really no joke. It feels like we're just grinding the bottom in the short term.

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FlashLoanLarry

· 2025-12-19 11:36

88500 has been pushed down again. This resistance level is really tough. It seems like we have to wait for a rebound to have a chance.

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OldLeekNewSickle

· 2025-12-17 12:19

It's the same explanation of "Bollinger Bands expanding and volatility increasing." If the market is going to rebound, it always says so, right? Not holding 85,000 is the normal operation.

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LiquidityWhisperer

· 2025-12-17 12:17

88,500 repeatedly tested, this resistance is really tough, the bears still have some strength.

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BTCBeliefStation

· 2025-12-17 12:12

88500 has been smashed down again, this resistance level is really tough, the bears are fierce. If it can't hold above 85000, it will have to look lower. For now, shorting is still the safer bet.

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SurvivorshipBias