#数字资产市场洞察 12/20 Market Review | How $BTC and $ETH Find Direction Amidst Volatility
In recent days, Bitcoin and Ethereum have been testing the waters repeatedly. When rising, they seem poised to break through, but each time they face resistance at key levels and pull back. In the short term, range trading is a more stable approach, with the main focus on whether they can effectively break through the strong resistance above.
**Current Situation of Bitcoin:** A meaningful breakout requires surpassing 89300-89500 (the upper boundary of the range). On the downside, there are two support levels—around 87300-87500 first, then further down at 86700-87000.
**Ethereum's Situation:** The 3000 mark has always been a psychological barrier, with resistance at 3020-3030. On the lower side, the support zones at 2955-2960 and 2940-2945 are critical.
**Trading Ideas for Reference:**
For long positions, $ETH can be entered at the lower range of 2955-2960, adding to positions if it drops to 2940-2945, with a stop loss set at 2920. The target is 2985-3000; if this level is broken, look further to 3020-3030. The logic for $BTC is similar: entry points at 87300-87500, add on dips to 86800-87000, with a stop loss at 86500. The initial targets are 88700-88900; if broken, aim for 89300-89500.
Conversely, for short positions, wait in these resistance zones for signs of pressure.
**Final Reminder:** Currently, the Bollinger Bands are tightening, indicating clear consolidation. Regardless of the strategy, keep positions small, always set stop losses, and wait for the trend to confirm before increasing your position. No need to rush.
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GasBankrupter
· 12-20 13:10
It's another repeated probing, I really give up. Every time, I have to hit you hard at critical points. During the days when the Bollinger Bands are tightening, a light position is truly the only way out.
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tx_or_didn't_happen
· 12-20 13:10
Another market pattern of repeated probing... I just want to know when we can get a clear direction, stop dragging things out like this.
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MevSandwich
· 12-20 13:05
When Bollinger Bands tighten like this, it's really the easiest time for a rug pull. I'm optimistic about whether this wave can break through 89,300; it feels like another fake breakout is coming.
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BearMarketSurvivor
· 12-20 12:53
Bollinger Bands tightening just like this, waiting for confirmation... It's the old routine, always at this pace, then suddenly it breaks out. Saying "light position with stop-loss" is easy, but when you're truly missing out, that feeling of frustration is intense.
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GateUser-ccc36bc5
· 12-20 12:40
The Bollinger Bands tightening period really tests your patience; it feels like any minor negative news could cause a drop.
#数字资产市场洞察 12/20 Market Review | How $BTC and $ETH Find Direction Amidst Volatility
In recent days, Bitcoin and Ethereum have been testing the waters repeatedly. When rising, they seem poised to break through, but each time they face resistance at key levels and pull back. In the short term, range trading is a more stable approach, with the main focus on whether they can effectively break through the strong resistance above.
**Current Situation of Bitcoin:**
A meaningful breakout requires surpassing 89300-89500 (the upper boundary of the range). On the downside, there are two support levels—around 87300-87500 first, then further down at 86700-87000.
**Ethereum's Situation:**
The 3000 mark has always been a psychological barrier, with resistance at 3020-3030. On the lower side, the support zones at 2955-2960 and 2940-2945 are critical.
**Trading Ideas for Reference:**
For long positions, $ETH can be entered at the lower range of 2955-2960, adding to positions if it drops to 2940-2945, with a stop loss set at 2920. The target is 2985-3000; if this level is broken, look further to 3020-3030. The logic for $BTC is similar: entry points at 87300-87500, add on dips to 86800-87000, with a stop loss at 86500. The initial targets are 88700-88900; if broken, aim for 89300-89500.
Conversely, for short positions, wait in these resistance zones for signs of pressure.
**Final Reminder:** Currently, the Bollinger Bands are tightening, indicating clear consolidation. Regardless of the strategy, keep positions small, always set stop losses, and wait for the trend to confirm before increasing your position. No need to rush.