#比特币对比代币化黄金 December 9 Market Overview

Continuing yesterday's wide fluctuations, Bitcoin has clearly entered a range-bound consolidation mode.

From the hourly Bollinger Bands perspective, the price is attempting to test the upper end of the range, but after encountering resistance at the upper band, it failed to break through effectively. As momentum gradually declines, the price turns downward and breaks through the middle band—since the middle band serves as the short-term line between bulls and bears, once it is breached and the rebound is weak, it means short-term bullish momentum has completely faded.

After breaking the middle band, the price did not see a significant rebound or recovery, instead making only a brief technical adjustment with slight sideways movement. Afterwards, under bearish dominance, it continued to decline, gradually approaching the lower band. As the decline intensified, the lower band also expanded downward in tandem—this is not a short-term impulsive drop, but rather indicates that the bears have a certain degree of persistence. The simultaneous downward shift of the lower band reflects a continued lowering of the price center of gravity, and also shows that the intraday support area is gradually moving lower, making it difficult to find strong support to halt the downward momentum in the short term.

Bitcoin’s 90,700 and 91,500 are bearish pressure zones, with key support at 89,200-88,600.

For Ethereum, 3,150 and 3,200 are bearish pressure levels; focus on support at 3,040-2,980.

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