2025-12-29 10:40:20

December 29th closing is a key point

Bitcoin has been in a 5-week consolidation phase since reaching 80,600. EMA20 is gradually leveling off, and the price is repeatedly oscillating around this line, with large fluctuations potentially imminent.

Pay special attention to the 89,500 area—over the past 5 weeks, it has repeatedly served as both support and resistance. Trading volume before and after Christmas was sluggish, but recently there are signs of an upward breakout. Tomorrow’s close is particularly important: if it can be accompanied by volume and hold steady here, it could signal the start of a more noticeable rebound.

$BTC’s performance influences the entire market, with $ETH and $BNB also watching the subsequent momentum. The market’s bottom accumulation characteristics are clear; it all depends on whether this balance point can be broken through. Recent Federal Reserve repo agreement movements are also providing context for market sentiment, but the key remains on-chain data and the true reactions of holdings.

BTC-0.44%

ETH-0.74%

BNB-0.81%

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AmateurDAOWatcher

· 4h ago

The 89,500 mark, it depends on whether we can really hold it tomorrow.

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LongTermDreamer

· 4h ago

The hurdle of 89,500, I also encountered such a confusing level three years ago. Now it's back. What does it mean? We're still accumulating. The Fed's actions are nothing special; the real reaction from on-chain big players is the key.

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GateUser-0717ab66

· 4h ago

89500 whether to break or not directly determines the future market, don’t be fooled by those flashy things --- When volume picks up, play; if not, keep lying flat --- Wait, is the Federal Reserve’s repurchase operation trying to support the market or just printing money? I can’t figure it out --- Tomorrow’s close... I bet 5 U can hold steady, if not, cut losses --- Bottom accumulation is nonsense, I only care if my holdings are losing money or not --- On-chain data? Might as well see what big wallet addresses are doing --- If this rebound fails again, I’ll lie flat for a whole year --- Why does it feel like every critical point gets let down? Is it real or fake? --- Once 89500 is effectively broken, go all in --- After all this talk, it’s still a gamble. Can anyone really predict it?

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DevChive

· 4h ago

This threshold of 89,500 must be broken, otherwise we have to keep holding on.

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MEV_Whisperer

· 4h ago

89500 is really a critical level. After 5 weeks of consolidation, everyone is holding their breath. It all depends on whether we can break through tomorrow.

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BridgeJumper