Bitcoin’s daily chart shows two bottoming structures, both closing above the weekly support level—one is a morning star engulfing pattern, and the other is a standard bullish engulfing. This double engulfing combo sends out a pretty strong signal. The neckline after the breakout is at 91316, and if there’s a pullback, it’ll typically face resistance at two spots: the neckline itself and the opening price of that big bullish candle.
The current situation is a bit tricky. BTC’s neckline didn’t hold, and the price hasn’t touched the opening of that big bullish candle either. Logically, it should return to around 862, but the market just refuses to follow the script sometimes. Where does this gut feeling come from? Mainly from seeing how solid $ETH and $BNB’s daily charts look. Both have shown classic neckline breakout and retest patterns. Whether they can hold during the pullback and keep pushing higher really depends on how BTC, the big brother, behaves.
Interestingly, besides the two usual scenarios for this pattern, there are also two other possible variations, which I’ll illustrate for you all later. Right now, we’re at a resistance level, so aggressively going long isn’t really appropriate either. After much thought, I just wanted to be honest about these ideas—it can help everyone avoid blindly going short based on the morning analysis and taking losses. Some people will definitely complain, “You’re always analyzing naked K-lines, and with such an obvious double bottom breakout pattern, you’re still leading fans into short traps,” and I get that criticism.
Honestly, this market is really unpredictable. Rather than betting blindly, it’s better to set your stop loss, or just pick a side and stick with it. I’ll keep observing for now and stay on the sidelines.
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FomoAnxiety
· 12-11 21:13
The market strategies are too many; I can never keep up with the rhythm.
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ClassicDumpster
· 12-11 01:51
Changed your tune again? Didn't you say this morning to steadily short?
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MEVHunterBearish
· 12-09 19:25
The market is so complicated and you still dare to go long? You're truly a warrior, haha.
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wrekt_but_learning
· 12-09 09:29
It's a double engulfing pattern, right? I just want to see how many days it can last before turning into a triple engulfing pattern.
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BoredRiceBall
· 12-09 09:24
Another double engulfing pattern, the market is putting on another show, I’ll just quietly watch.
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BlockBargainHunter
· 12-09 09:12
This analysis is making me a bit confused. If it's a double engulfing pattern, just call it that—why make it so complicated?
The market is just a casino; who can really predict it?
If the neckline is broken, there's no point in analyzing further. Might as well just go all in and get it over with.
I've heard "set your stop loss" hundreds of times already, I'm numb to it now.
Big Brother Bitcoin decides everything. We retail investors are just along for the ride.
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MintMaster
· 12-09 09:09
The market is so volatile, better stick to your stop-losses.
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CommunityJanitor
· 12-09 09:05
Ha, it's the double bottom pattern again. I've seen this trick too many times.
The market just loves to play this game—first giving you hope, then slapping you in the face.
Better wait and see. With so many resistance levels, who dares to rush in?
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SchroedingerMiner
· 12-09 09:02
Engulfing pattern again, huh? Same old trick, the market is still so torturous.
Gambler’s mentality is the most fatal; there’s nothing wrong with saying to set a stop loss.
If BTC isn’t moving, the other coins are in an awkward spot too.
Staying on the sidelines is the right move; don’t get fooled by candlesticks.
This time I really can’t see through it—better just keep watching for now.
#ETH走势分析 $BTC December 9, 2025 Market Analysis Update
Bitcoin’s daily chart shows two bottoming structures, both closing above the weekly support level—one is a morning star engulfing pattern, and the other is a standard bullish engulfing. This double engulfing combo sends out a pretty strong signal. The neckline after the breakout is at 91316, and if there’s a pullback, it’ll typically face resistance at two spots: the neckline itself and the opening price of that big bullish candle.
The current situation is a bit tricky. BTC’s neckline didn’t hold, and the price hasn’t touched the opening of that big bullish candle either. Logically, it should return to around 862, but the market just refuses to follow the script sometimes. Where does this gut feeling come from? Mainly from seeing how solid $ETH and $BNB’s daily charts look. Both have shown classic neckline breakout and retest patterns. Whether they can hold during the pullback and keep pushing higher really depends on how BTC, the big brother, behaves.
Interestingly, besides the two usual scenarios for this pattern, there are also two other possible variations, which I’ll illustrate for you all later. Right now, we’re at a resistance level, so aggressively going long isn’t really appropriate either. After much thought, I just wanted to be honest about these ideas—it can help everyone avoid blindly going short based on the morning analysis and taking losses. Some people will definitely complain, “You’re always analyzing naked K-lines, and with such an obvious double bottom breakout pattern, you’re still leading fans into short traps,” and I get that criticism.
Honestly, this market is really unpredictable. Rather than betting blindly, it’s better to set your stop loss, or just pick a side and stick with it. I’ll keep observing for now and stay on the sidelines.