2025-12-24 04:21:12

Bitcoin started to decline from 88400, falling to 86800 before stopping the downward trend and experiencing a short-term Rebound.

From the hourly Bollinger Bands, the entire channel is continuously expanding. This is a manifestation of the continuous release of bearish strength—while the upper band moves down in tandem with the price drop, the lower band accelerates its downward divergence, resulting in an increasingly wider channel.

The key issue is that after the price falls below the middle track, the downward slope of the middle track is becoming steeper. The coin price continues to operate below the middle track, and the bulls have completely no buying power. When the price reaches the lower track, the lower track continues to move down, indicating that the bearish expansion pattern of the Bollinger Bands has not been reversed. As the track continues to sink, the support function of the lower track is gradually weakening.

The current key range for Bitcoin is between 88000 and 89200, with support to watch at 86200-85000. Ethereum is operating in the 3000-3050 range, with a focus on 2870-2810 below. Mainstream coins like SOL, XRP, and BNB also need to be continuously monitored for changes in market liquidity.

BTC-0.25%

ETH0.16%

SOL-1.05%

XRP-0.69%

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fren_with_benefits

· 2h ago

88,000 is the real key; there's nothing good left below.

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On-ChainDiver

· 12h ago

The Bollinger Bands are widening, and it's looking a bit ugly now... Are there really no long positions stepping in?

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SpeakWithHatOn

· 12h ago

Again and again and again fall... The Bollinger Bands have opened up, long positions have really laid flat.

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MerkleTreeHugger

· 12h ago

With the Bollinger Bands expanding like this, short positions can't stop at all... 86200 must be defended, otherwise it will really crash down.

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WhaleWatcher

· 12h ago

The Bollinger Bands are widening, and short positions are continuously being released, this feels very ominous. The slope of the middle band is getting steeper, long positions are unable to catch up, and the support at the lower band is still weakening... It's definitely a Bear Market rhythm. Can the line at 86200-85000 hold? It feels precarious. We have to look at Liquidity again, these past few days have been too difficult. It has fallen from 88000 to 86800 just like that, and the Rebound is about to hit the ceiling, right? Long positions are weak, just watching the Bollinger Bands expand... It's suffocating. The lower band is running, support is failing, and that's what we fear the most.

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OnChainDetective

· 12h ago

The expansion of the Bollinger Bands is so obvious, and the lower band is still loosening... It feels like there are Large Investors manipulating the chips behind the scenes.

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MetaMisery

· 13h ago

The Bollinger Bands are still expanding, and the lower band support is really getting weaker. The short positions just can't stop. The long positions are really suffering this time, and there's completely no one to catch a falling knife. Let's see if those few supports below can hold up; it feels precarious.

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