2025-12-20 03:21:35

Looking at the recent trend, I have a feeling that Bitcoin is brewing something. It has attempted to test the resistance level three times, but each time it was pushed back, which is quite intriguing.

The key point is that the trading volume at the top is continuously decreasing. Think about it, with less supply, the trading volume naturally shrinks. The chips around 89470 seem to be becoming scarce.

Interestingly, the last wave of pullback was actually stuck at the 0.5 Fibonacci level, indicating that the upward trend has not been broken, just needs time to consolidate. Over the weekend, the market is usually quite calm, so volatility is not expected to be too intense. Looking at the weekly chart, it should show a long lower shadow, which is a typical bottom probing pattern, indicating that the downward momentum is waning.

Based on these signs, there is a high probability of a rebound starting next week. Although it is still consolidating in the short term, the bottom characteristics are becoming more and more evident.

BTC0.06%

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PumpBeforeRug

· 12-20 03:43

Even after hitting three times in a row, is this really different this time? I always feel like it's just a trick. Can the Fibonacci 0.5 really indicate that the upward trend hasn't been broken? That reasoning seems a bit weak, buddy. Is declining trading volume a good sign? Honestly, I have some doubts. Is there a high chance of a rebound next week? Why not say the probability is low? Anyway, it's all just guesses. But the bottom probe is indeed a bit interesting, though these chart patterns always seem to match up. Who knows?

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LiquidityHunter

· 12-20 03:28

Three attempts were knocked down, this rhythm is indeed a bit interesting, feels like the main force is testing retail investors' sentiment. I agree with the declining volume part, but the Fibonacci 0.5 level is a bit of a stretch; it's not always this perfect. Is there a high probability of a rebound next week? I think it's uncertain; we need to wait for the monthly chart to show, don't be too optimistic. Is 89470 really scarce in that area? It seems like many people are talking about it, but how many are really holding the bottom? A long lower shadow on the weekly chart doesn't necessarily mean a bottom; it could just be a retest of support. Such analyses are everywhere.

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MintMaster

· 12-20 03:27

Three attempts were knocked down, which is quite interesting, but I think this wave still depends on whether the support level is broken or not. Volume is unpredictable. The Fibonacci 0.5 level indeed looks like a bottom signal, but I find this chart analysis a bit hard to grasp. How it will move next week still depends on Monday's performance. Scarcity of chips sounds good, but actually it just means no one wants to take over. At this point, caution is even more necessary. Consolidation is just consolidation. Instead of guessing a rebound, it's better to wait for a confirmation signal. Anyway, I'm not in a hurry. Honestly, after hearing this kind of analysis many times, it ultimately cannot escape the market's ruthlessness.

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