Track real-time crypto market hotspots and seize the best trading opportunities. Today is Saturday, December 6, 2025. I'm Wang Yibo! Good morning to all crypto friends ☀ Loyal fans check in 👍 Like for great fortune 🍗🍗🌹🌹,

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All three major U.S. stock indexes posted modest gains on Friday. The Dow rose 0.22%, the Nasdaq gained 0.31%, and the S&P 500 rose 0.19%. Most large-cap tech stocks were up, but crypto-related stocks saw the largest declines. The crypto market experienced another plunge, with Bitcoin breaking below the 90,000 mark and Ethereum dropping below the 3,000 level at its lowest. Long positions were liquidated again in the derivatives market. While weekend trading may see volatility narrow, the overall downtrend is unlikely to change. In terms of strategy, firmly abandon the bottom-fishing mentality and focus on shorting on rebounds. Follow Yibo for continued tracking of core signals such as the Federal Reserve's policy implementation, institutional capital flows, on-chain data changes, and real-time updates on strategy and asset movements.

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In early trading yesterday, Bitcoin's price first dipped to the $90,800 level, forming brief support. During the day, it staged a mild rebound, reaching as high as $92,680, but the rebound lacked effective breakout momentum, and for most of the day the price moved within a narrow range. In the evening session, selling pressure intensified again, with the price breaking directly below the key psychological level of $90,000, then continuing downward and only showing signs of stabilization after hitting a low near $88,000. It is currently experiencing weak oscillation around $89,200. Technically, a bearish pattern has become highly consensual for Bitcoin. On the four-hour chart, three consecutive solid bearish candles form a strong breakdown pattern, with the price not only breaching the previous consolidation support but also forcefully breaking through the lower Bollinger Band, which continues to expand downward, signaling opened downside room. The moving average system shows a textbook bearish alignment, with the short-term 5-day, 10-day, and 20-day MAs all diverging lower, exerting layered pressure on the price and highlighting the pronounced trend pressure. On the hourly chart, another round of high-volume declines after brief consolidation indicates that the market's rebound momentum is nearly exhausted, with bears fully in control. Notably, current market panic has not been fully released, and with typically lower liquidity during weekend sessions, the market is likely to remain weak in the short term, with further downside potential still possible.

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In early trading yesterday, Ethereum's price fell to a low of $3,064, then staged a rebound during the day, reaching as high as $3,191 in the morning. However, the rebound did not last and the price soon entered a downtrend channel. In the evening, after dipping to $3,081, there was a small rebound pushing the price up to $3,156, but this rebound only served as a staging ground for bears. The price then accelerated its decline again, hitting a recent low near $2,983, and is currently hovering weakly around $3,020. Technically, Ethereum displays similar bearish characteristics as Bitcoin. On the four-hour chart, three consecutive bearish candles signal a strong breakdown, with the price also breaching the lower Bollinger Band. The bearish pattern is solid and robust, and the downward opening of the Bollinger Bands indicates continued trend pressure. On the hourly chart, after a brief consolidation and recovery, a large-scale pullback occurred again. Each rebound saw declining trading volumes, while selling volumes increased during price drops, reflecting weak market willingness to rebound and continued bearish dominance. Overall, Ethereum has already broken through key support levels in previous sessions, and this decline represents a continuation of the existing trend. Combined with persistent market panic, the bearish trend is highly likely to continue, making a short-term effective reversal unlikely.