2025-12-29 04:24:27

December 29 BTC/ETH Market Review and Trading Strategy

Bitcoin's trading volume last week was dull, with low market participation due to the holiday. Those who positioned for a rally at 90,000 and 3,050 on Monday took significant profits. This morning, the price rebounded to around 89,000, and many are now wondering whether it will continue to rise or reverse. Honestly, recent market behavior has been a pattern of repeated shakeouts between bulls and bears. Blindly chasing gains or cutting losses will only lead to repeated setbacks.

Looking at the weekly candlestick chart for Bitcoin, it shows a small bearish candle with upper and lower shadows, and the Bollinger Bands are continuously widening downward. On the daily chart, after breaking through the middle band, the price formed a long upper shadow on Friday, followed by consecutive bullish candles on Saturday and Sunday. On Monday, it gapped higher with a large bullish candle, breaking the previous sideways consolidation. However, MACD momentum still appears insufficient. Although KDJ and RSI are trending upward, the upper Bollinger Band is opening downward, indicating that there is a ceiling on the upside. Switching to the 4-hour chart, after a large bullish candle broke above the upper band, the lower band is gradually opening downward, suggesting potential selling pressure at higher levels. Today, chasing the rally is not recommended.

Since the price has already risen, the opportunity window for long positions is essentially closed. The current strategy should be to wait at the upper resistance levels for a short entry. For Bitcoin intraday, watch 89,500, 90,500, and 91,500 as short entry points, with support targets at 88,000, 87,000, and 86,000.

For Ethereum, resistance levels are at 3,030, 3,080, and 3,130, where short positions can be taken; support levels are at 2,950, 2,890, and 2,780.

The biggest trading mistake is greed; a scattered mindset often leads to poor decisions. Opportunities appear during patient waiting. Most traders grow this way—by exploring extensively and then having a sudden realization at key moments.

BTC1,6%

ETH2,34%

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LonelyAnchorman

· 12-29 13:17

It's the same old story again. People who don't understand Bollinger Bands, MACD, and KDJ are still blindly chasing the rally. Luckily, you didn't get trapped at 90,000. Wait, what's going on with this logic? The upper band opening downward and still crashing the market? It feels a bit chaotic. Really, the biggest fear is this kind of market—both bulls and bears can slap you in the face. It's more comfortable to stay on the sidelines. Breaking 89,500 seems to be the key. If it breaks, head straight to 91,500; if not, then it's really a high-level shorting opportunity. Hey, is that last piece of motivational talk serious, or is it hinting that the market will consolidate sideways and be frustrating?

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VibesOverCharts

· 12-29 04:54

It's another round of shakeouts; the market this weekend is truly exhausting. There is indeed a ceiling for the highs. Hold on to the 91500 level and wait for opportunities. Don't chase blindly. Honestly, the hardest part is patience. Many times, it's all about greed that ruins it, and I am no exception.

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retroactive_airdrop

· 12-29 04:52

The market is starting to shake again, this rhythm is really annoying. Listen to me, don't chase, you'll know after a wave of shorting at 89500. The holiday market is inherently虚, wait a bit before jumping in again. The Bollinger Bands are opening up, brother, this is a signal. Mindset is the most important, if you're greedy, just wait for the cut loss. The ceiling is right here, do you really want to go through bloodshed? Patience is the key, it's easy to say but hard to do. Whether 88000 will hold or not is a question, just stay守. This kind of行情 is just bulls and bears repeatedly fleece the sheep, annoying. When a high shorting opportunity comes, jump in, don't follow the crowd.

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GasFeeBeggar

· 12-29 04:45

Starting to shake out again, I’m very familiar with this rhythm. Last time I chased the rally, I got slapped in the face. Speaking of which, patience is truly the rarest trait in this kind of market. I just don’t believe anyone can hold on. I’m waiting for a short position at 91,500. Anyway, I’m just wasting time.

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GateUser-cff9c776

· 12-29 04:40

It's the same set of Bollinger Bands, MACD, RSI again, quite reasonable, but how many people can really stick to the discipline... Shakeout, shakeout, always shaking out, when will there be a real reversal? According to this logic, we have to wait until when I agree not to chase the rally in high positions, but from the supply and demand curve, this market is a classic "Schrödinger's Bull Market"—both rising and falling Honestly, the saying that greed leads to decision-making errors is repeated every year, but every year someone falls into the trap, I also [laugh cry] Bollinger Bands' three lines are opening downward... everyone, cherish this moment, this might be the last chance to escape the top in this round of market According to traditional investment valuation theory, this repetitive shakeout rhythm vividly illustrates the philosophy of a bear market Patience and wait? Easier said than done, but watching the 89,000 rebound start to waver again... this is the real test of mindset

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