2025-12-27 10:24:14

Saturday’s crypto market pace slowed down, but the details are worth paying attention to. Let’s take a look at the performance of the main cryptocurrencies one by one.

Bitcoin has indeed been consolidating over the past couple of days. It tested $89,000 in the early session but failed to hold steady, then retraced with a decline of 3.2%. Currently, it is fluctuating around $87,000. The price is firmly stuck within the range of $86,000 to $89,000, lacking the momentum for a breakout on either side. From a technical perspective, the MACD indicates that the bearish momentum is weakening, but the moving average system still shows a suppression pattern, with the price being tightly held down. The trend resembles an emerging double bottom pattern, but further confirmation is needed. The key support level is at $86,000. If this level holds, a rebound could extend to the $90,000 mark; otherwise, there is a risk of further decline.

This recent weakness is understandable. Bitcoin has fallen from the beginning of the year’s high of $93,000 to the current level, a drop of 6.5%. Especially after reaching a historical high of $126,000 in October, it has been in a downward trend. At the end of the year, risk appetite for funds generally shrinks, and with a large options expiration of $28 billion on Friday, liquidity has tightened significantly, directly amplifying price volatility. There was even a flash crash on Christmas Eve, reflecting the fragility of market sentiment.

Looking at Ethereum’s performance, it is even weaker than Bitcoin. It has been hovering between $2900 and $3000 throughout the session. It touched $2993 early on, just about to break the psychological barrier of $3000, but was met with selling pressure and immediately pulled back. Now it has fallen back to around $2926. The technical picture shows a clear tug-of-war between bulls and bears, with candlesticks alternating between bullish and bearish signals, and the moving averages still in a bearish alignment. Both cryptocurrencies lack upward momentum, and in the short term, the probability of maintaining a weak trend remains high.

BTC0,38%

ETH0,42%

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WagmiWarrior

· 12-27 10:54

If 86,000 can't hold, it will directly break 8,500, really uncomfortable

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SerRugResistant

· 12-27 10:50

Once again, I'm firmly held down, this time even unable to reach 90,000, hilarious. If we can't hold 86,000, let's keep exploring downward. Anyway, we already crashed on Christmas Eve, what are we afraid of? With 28 billion in options settlement playing this game, liquidity tightens and prices become like paper, I wonder when we can truly break through. Ethereum is even more ridiculous, can't even reach 3,000, just stalling every day, pure psychological warfare. It feels like the year-end rhythm is to hold back and shrink, let's wait until after the Spring Festival to watch the show.

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TokenRationEater

· 12-27 10:40

If you can't hold 86,000, just go to 83,000. Don't hold onto illusions. --- Another grindstone. This weekend looks frustrating. --- Wait, 28 billion options settlement, is it really that bad? Doesn't seem as terrifying as I imagined. --- Ethereum looks so weak... I'm really convinced, it can't even hold 3000. --- Double bottom? Bro, I think it looks more like a ceiling. --- End of the year, is there going to be a rebound at the start of next year? --- I got knocked out during that flash crash, still waiting for a chance to get in. --- If 89,000 can't be broken, it's useless. This consolidation is also pointless. --- Ethereum is falling harder than Bitcoin. The deviation is a bit too large. --- Capital contraction is just an excuse. Honestly, no one dares to take the risk.

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MEVHunterZhang

· 12-27 10:34

8.6K not holding, we must be mentally prepared for a dip --- Another wave of options expiration? No wonder it feels like we've been suppressed these past two days --- Ethereum is really outrageous, 2993 and it’s timid, no one dares to take over --- This is how it looks at the end of the year, let’s see if there’s still hope after the Spring Festival --- Double bottom? It looks more like a prelude to a double top, don’t be fooled --- 2.8 billion in expiration, no wonder it’s so dull, retail investors are still in a daze --- Flash crash on Christmas Eve, I thought I was seeing things, turns out it’s not an isolated case --- A 6.5% drop isn’t a big deal, the key is no one is willing to buy --- The 3000 level probably won’t be broken until next year --- Funds are all concentrated at the end of the year, don’t expect good market conditions, face reality

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