12.25 Silk Road Analysis:

First, look at the daily chart. The area above 94,000 is a strong resistance level, and below 85,000 is a key support level. In the past two days, a Evening Star bearish signal appeared on the chart; if the next candle closes lower, the trend is likely to weaken further. The daily chart is forming a potential top-shaped arc pattern, with the neckline around 84,000. Although the MACD is still in a golden cross, the upward momentum is clearly weakening, and the RSI indicator has already formed a death cross, all indicating that the upward momentum at the daily level is waning.

Next, look at the four-hour chart. The current price is at the intersection of different cycle trend lines, a very delicate position. To strengthen in the short term, it needs to stabilize above 89,300 and then attempt to break through 91,000; but if it falls below 84,500, the upward structure that started at the end of last year may be broken, and the downtrend will be confirmed.

Key price levels to watch are three: 85,200 as the first defense line, 84,000 as the lifeline—if lost, the price may drop below 80,000; resistance during the rebound is around 90,500.

Bitcoin is hovering around 87,100-86,500, with an upward target of 88,000-89,500. #2025Gate年度账单 #加密市场小幅回暖