Yesterday's Bitcoin market was somewhat dull, but during the Asian trading session on Boxing Day, we finally saw a different trend. BTC volume surged past the strong resistance at 88,000 to 88,200, and is now stable around 88,600. This breakout wasn't sudden—during the holiday period, major markets like the UK, Australia, and Hong Kong were closed, but European and US funds (especially in futures) began to return gradually, and the restored liquidity also helped drive the price recovery.



From a technical perspective, the most noteworthy change is the significance of the 88,000 level. Yesterday, it was still a ceiling for upward movement, trapping the bulls, but once broken and stabilized above it, it flipped into a new support level—what is known as a top-to-bottom reversal. As long as US stocks do not fall below this level during trading hours, the bulls' next target is set between 89,500 and 90,500.

Currently, the market is in a post-holiday correction and rebound phase, gradually regaining participation. The key factor to watch is tonight's US stock performance—if it remains strong, 89,500 is within reach. Conversely, if 88,000 is not held, the bulls will be under significant pressure.
BTC-0,19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
WalletDetectivevip
· 11h ago
88,000 broken, finally seeing some movement, just worried that the US stocks might mess up this wave again --- The top-bottom reversal theory is always effective, but the key is whether the US stocks can perform well tonight --- The holiday trading break was too long, so a rebound now is very normal. If we can hold steady at 88k, that’s considered a success --- 89,500? Haha, first protect 88,000 before dreaming about that --- Liquidity recovery leads to gains, liquidity exhaustion leads to declines, old routine --- Holding steady at 88,600, the bulls finally have some confidence in this wave --- If the US stocks fall, this rebound will be pointless, it feels like another roller coaster --- Rebound correction? I just want to know if this is a real breakout or another trap to lure in buyers
View OriginalReply0
DegenGamblervip
· 11h ago
Once 88,000 is broken, it must hold, or else it will really pull back, brother. However, this liquidity restoration wave is indeed substantial; it all depends on whether the US stocks can perform well tonight. The top-bottom reversal theory is getting tired; the key is whether the trading volume can keep up. The 89,500 dream is just a dream; staying steady at 88,600 is considered a win.
View OriginalReply0
MonkeySeeMonkeyDovip
· 11h ago
88000 has finally broken through this threshold. Post-Thanksgiving, a rebound is expected, a normal pattern. --- The next target for the bulls is 89500. As long as the US stock market doesn't drop tonight, it will be stable. --- The wave of top-bottom reversal is quite interesting. 88000 has truly changed from a ceiling to a support. --- Liquidity returning has boosted market sentiment. Now we just wait for the US stock market to make the move. --- Will 90500 really break? It feels a bit uncertain... Let's first see how the US stocks perform. --- The post-holiday rebound works like this; it all depends on the US stock market to set the tone. --- Reaching 89500 is not just a dream. The only condition is that US stocks don't crash tonight.
View OriginalReply0
StableGeniusvip
· 11h ago
so 88k flipped support, neat. but let me explain why everyone calling this a "breakout" is fundamentally missing the context here—liquidity vacuum during holidays doesn't equal structural strength, empirically speaking. we'll see if this actually holds when real volume shows up.
Reply0
MetaverseVagabondvip
· 11h ago
88,000 is broken, and it's just broken. The key still depends on whether the US stocks give face, otherwise we'll have to come back and continue to slack off.
View OriginalReply0
blockBoyvip
· 11h ago
Breaking 88,000 signals a bullish dominance. If the US stock market continues to underperform, we will need to tighten our defenses.
View OriginalReply0
PaperHandsCriminalvip
· 11h ago
88000 got stuck for more than a day, finally broke through. If the US stock market drops again this time, I'll be laughing.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)