Trendlines(US:TRNLY) Xin Lang Cai Jing·2025-12-24 10:59Core Viewpoint - The cryptocurrency market, particularly Bitcoin (BTC), is experiencing increased volatility, facing significant resistance as it attempts to regain an upward trajectory, with prices recently falling below the $88,000 mark [1][2]. Group 1: Market Analysis - Bitcoin's recent market rebound lost momentum after hitting a critical price ceiling, which is defined by a descending trend line extending from the historical high of $126,000 established in October [1][2]. - The trend line connects several previous peaks, notably around $116,400, and has been validated multiple times as a significant resistance level [1][2]. - The failure to break through this resistance has reinforced a "stair-step down" pattern observed in Bitcoin's price movements since the fourth quarter [1][2]. Group 2: Market Sentiment - The formation of "lower highs" near the resistance level indicates a return of bearish sentiment, temporarily hindering bullish attempts to reach the six-figure mark [3]. - Selling pressure is particularly evident as prices approach the descending trend line, suggesting a cautious market sentiment in the short term [3][4]. - Current market focus is shifting towards the support levels between $84,000 and $84,500, with potential for a revisit to the $80,000 mark established in November if resistance persists [4]. Group 3: Future Outlook - To revive a bullish outlook, Bitcoin must overcome the current trend line resistance, which could be facilitated by a weakening U.S. dollar index, potentially accelerating Bitcoin's movement towards the psychological barrier of $100,000 [4].