2025-12-24 21:23:23

Today’s market rhythm is very clear; chasing highs results in being hit, which is a typical rebound after a surge. Bitcoin reached a temporary top last night and faced resistance, then traded back and forth at relatively high levels; Ethereum performed even weaker, falling from its high point and only rebounding from intraday lows in the evening. The daytime strategy of selling high and buying low captured 1124 points in Bitcoin and 84 points in Ethereum. Due to the stock market closing in the evening, volatility significantly narrowed, so there was no further entry.

From a technical perspective, Bitcoin is still trapped in a 4-hour downtrend channel, and the weak pattern is hard to change. Although occasionally bulls attempt a rebound, each attempt lacks strength, mainly technical repairs after a sharp decline, with no real buying intent. The Bollinger Bands are widening, with the middle and lower bands moving downward simultaneously, indicating a classic bearish pattern.

On the 1-hour chart, the rebound is even weaker. The price begins to turn back before reaching resistance above, and the lows continue to make new lows, with the downward channel framework remaining solid. Before seeing a confirmed reversal signal, the trading approach should focus on rebounds facing resistance, observing whether they get rejected from above. As long as the key support line below is not effectively broken, the possibility of a short-term technical rebound still exists.

BTC0.86%

ETH0.73%

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GateUser-44a00d6c

· 5h ago

Another day of chasing highs and getting crushed, it's really unbelievable. The pattern of rising sharply and then falling back repeatedly—how many times has it happened, yet some still keep rushing in. The Bollinger Bands are already signaling clearly, isn't that enough? The bearish pattern is written all over the face. The 1-hour chart is even worse, with no strength in the rebound and even making new lows at the bottom—how can one go long like this? As long as the support line isn't broken, there might still be a chance for a rebound, but judging by this rhythm, it's only a matter of time. When evening volatility narrows, it’s a sign that the market is about to close for the day—really pointless.

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DegenGambler

· 5h ago

The pattern of rising sharply and then falling back is really ruthless; those chasing the highs are all caught and exhausted. Really, the 1124 point range was manageable, but unfortunately, the subsequent volatility was dead. Once the Bollinger Bands spread open, you know there's no good show; with such an obvious bearish pattern, how dare you go long? As long as the support line isn't broken, there's a chance for a rebound, but the strength is really questionable. It was the right decision not to buy in the evening; looking at this market, there's no need to mess around.

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LayerZeroEnjoyer

· 5h ago

Getting caught chasing the high and getting hit—it's always so intense. The rebound is just for killing. With such a fierce bear market, you still want a rebound? Dream on. The downtrend channel is so steady; what’s the point of a short-term rebound? It’s just annoying to watch. It's the same old technical fix; if there's no real intention to go long, then stop messing around. One hour of such weakness—still want to jump in? Let's wait and see. As long as the support hasn't broken, there's still a chance; it all depends on how high the rebound can go. With Bollinger Bands so wide and the bear pattern so obvious, why are people still chasing?

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MidnightSnapHunter

· 5h ago

Getting caught chasing the high and getting slapped in the face, this trick always works... Luckily, I ate some space during the day, so there's no need to catch up at night.

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DegenRecoveryGroup

· 5h ago

Another day of getting beaten up for chasing highs, really unbelievable. Yesterday I still didn't catch the bottom, almost there every time. With Bollinger Bands arranged like this, we should honestly wait for signals. This wave of bears is really fierce, even the rebound lacks strength. As long as the support line isn't broken, there's still a chance. The key is to hold back and not act rashly.

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