#比特币流动性 December 29 Evening Market Update

Bitcoin fluctuated around 87,800 in the morning, surged strongly to around 90,400 at noon, but after this rally, profit-taking was fierce, causing the price to fall rapidly. By evening, it had dropped to around 86,800. The short-term trend shifted from strong to weak, clearly indicating that the bears are now in control.

Looking at the hourly Bollinger Bands, they have already expanded into a trumpet shape, with the lower band accelerating downward and diverging, and the channel widening. This pattern generally indicates that after a trend reversal, an acceleration phase will follow, meaning selling pressure is significantly increasing, and the bearish force is rapidly releasing. Bitcoin will continue to find support along the lower band.

Although it briefly broke above the upper band in the early session, it failed to hold steady and quickly fell back below the middle band, then continued to decline toward the lower band. Currently, the price is tightly hugging the lower band and continues to pull it down, further confirming that the bearish trend persists. The bullish momentum is clearly insufficient, and the selling pressure from the bears is still being released.

Trading Strategy:
Bitcoin: Short in the 87,700-88,700 range, target 86,300-85,200
Ethereum: Short in the 2,960-3,010 range, target 2,860-2,820

Pay close attention to the correlated performance of SOL, XRP, and BNB.