2025-12-25 20:21:04

The market often only finds opportunities at the most desperate times, and now is such a moment.

The Christmas atmosphere should be lively, but Bitcoin is hovering around $88,000. Honestly, this calm makes me feel uneasy. After surging to $89,000 on Friday, it stabilized the $88,000 support—at least it avoided the awkward situation of "rushing up and crashing down" earlier.

The long-awaited rate hike in Japan has finally been implemented, and the market's panic has somewhat eased on the surface. But I have to be honest: beneath this apparent stability, there are undercurrents, and several overlooked risk signals have been flashing.

**Let's look at the technical analysis**

Bitcoin is currently stuck at the end of a converging triangle, with the core oscillation range between $87,000 and $89,500. What’s different this time is that during the pullback, trading volume has been shrinking, indicating weakening selling pressure. It sounds like a good sign, but a closer look reveals something interesting.

A key detail is that Bitcoin is still being tightly held down by the descending trendline drawn from the October high, with no significant breakout yet. What does this mean? The market is repairing itself, but the momentum to push higher is clearly insufficient.

What’s more uncomfortable is the 4-hour chart, where Bitcoin remains trapped within a downtrend channel. The resistance zone above is solid, and there’s no sign of an effective breakout. Each rebound is making lower highs, and this "step-by-step downward" rhythm is quite worrying.

Ethereum is also not in an easy situation. Although it is holding above $2900, the psychological barrier at $3000 has been broken. Some analysts are even suggesting that Ethereum might be forming a head and shoulders pattern—if that happens, we may need to reassess the entire market structure.

BTC1,44%

ETH1,38%

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P2ENotWorking

· 2025-12-28 20:20

Same old rhetoric... turbulent currents, risk signals, head and shoulders top, I'm getting a bit tired of hearing it Just go ahead and smash it, anyway I’ve known it all along Whether the 88,000 support can hold depends on the weekly chart Ethereum’s current state, still a head and shoulders top, should have already fallen Do you have U in hand now, or have you already sold everything and laid flat Talking about opportunities in despair, when it’s truly the most desperate, it’s probably another set of explanations

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MoodFollowsPrice

· 2025-12-28 15:34

A sharp drop is actually a good opportunity to buy in. There's really nothing to fear from this level of fluctuation. You're saying that despair is an opportunity again? Alright, I believe you. Is 88,000 really the ceiling? Feels like it's about to break at any moment. If Ethereum drops below 2900, I'll buy the dip immediately. So what if it's a head and shoulders pattern? This wave is really cold. Christmas was supposed to be a celebration, but the coin prices are rallying so much.

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GasFeeWhisperer

· 2025-12-25 20:50

Once again stuck in the triangle, when will this rhythm break out? The phrase "undercurrent surging" is so accurate, on the surface it's easing but underneath it's all knives. If Ethereum really crashes into a head and shoulders top, I'll just lie flat. If I can't hold 88k, please just slide directly to 85k. These false rebounds in the middle are too heartbreaking. They say to look for opportunities in despair, but the problem is I can't tell whether this is despair or darkness before dawn.

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rekt_but_not_broke

· 2025-12-25 20:45

It's the same old "look for opportunities during desperate times" rhetoric, I've heard it a hundred times, and it hurts the most during bottoming. After all this, we're still stuck bouncing within the 87-89k range. With such poor technicals, what opportunities can be seen? Even when Ethereum breaks below 3k, no one panics—that's the most heartbreaking part.

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InscriptionGriller

· 2025-12-25 20:22

This wave of triangle convergence is really testing our courage. Who would dare to hold a heavy position before a breakout? It's "opportunity" and "underlying currents" again, old tricks. Be careful not to get cut. If Ethereum can't hold 3K, once the head and shoulders top is confirmed, we need to run. Don't wait for death. Looking at this shrinking volume, is the main force accumulating or distributing? Who the hell knows. Hovering around 88,000 is pointless. If it doesn't break 87K, don't talk about opportunities. The technicals are right here.

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