Why BTC bottomed out at $85,000 again

Nakamoto 2025-12-19 09:51 94085人围观 BTC

Note: The information and data in this article come from public media to ensure the authenticity of the information. No guarantee is made for the accuracy and completeness of the information. The content of the article is only the author's opinion and do

Note: The information and data in this article come from public media to ensure the authenticity of the news. No guarantee is made for the accuracy and completeness of the information. The content of the article is only the author's opinion and does not make any investment advice. Invest accordingly and bear your own responsibility!

BTC:
Current price: $87,000, 24-hour rise and fall -0.2% Market interpretation: Bitcoin is in a shock recovery trend today. It tried to break through $88,000 at night and then fell back after encountering resistance. The current upper level of 88200-89000 is the two key resistances. If the short-term market can hold at 87000 If it is above the US dollar, it will continue to test and break through these two positions. Once it breaks through, the market direction will change (from idle to long). On the contrary, if it falls at 87000, the market will continue to adjust and repair at the bottom. At the same time, pay attention to the 86500-85200 support rebound below. Judging from the current overall market situation, the trend of Bitcoin is still weak in December, and the market is still not optimistic. The recent non-farm employment data of the United States reflects the further weakening of the U.S. labor market. On the other hand, more elastic consumption shows that the demand situation remains quite favorable. Overall, this may prompt the last meeting. Federal Reserve policymakers with different opinions at the meeting re-evaluated their stance and increased the possibility of an early interest rate cut in 2026. This will be a good signal for the market in January next year. My prediction is that there will be a big rise in January after the market adjustment is completed in December, and BTC will break through to new highs.

ETH：
Current price: $2923, 24-hour increase or decrease -1.05% Market interpretation: Ethereum's market continues to be weak today. From the daily level, it feels that there is still room for downward exploration. The short-term lower support is at 2890-2875. Once it falls below the next bottom, it will go to 2750. The key now is to see whether the market can It has stayed above $2900. If it does, it will rebound upward and test the 2955-2985-3050 positions. If it breaks through the 3000 mark again, the market signal will change and the bullish market will begin. However, judging from the current trend of the market, it should be adjusted and repaired at the bottom for a few days before a signal is issued.
Summary: At present, the market is still in the adjustment and repair stage, and the market is still relatively weak. This decline is mainly caused by Japan's interest rate hike and then driven by derivatives liquidation. On-chain data shows that the spot selling pressure is not large. The essential reason is the accumulation of highly leveraged long positions in the futures market. Only when the price falls below the key position, these positions hit the maintenance margin requirements and are forced to close. The liquidation will be executed with market price sell orders. , thereby increasing the sudden selling pressure and causing the price to fall further. The key is that this liquidation will not only cause the price to fall, but also act as an accelerator of the decline. Even a small initial decline will trigger a chain reaction of forced selling. Once one round of liquidation begins, it will lead to a second round and a third round of chain reactions. This is why this wave of decline BTC will fall below the strong support of $89,000 and then bottom out at $85,000. Okay, that’s all for today, see you all tomorrow.

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1. plunge

2. If the signal is unclear, wait and see.

3. On a small day, interest rates will be raised in December, and cryptocurrencies will be bearish.

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