12.19BTC Afternoon Trend Forecast and Analysis

From the current candlestick chart, BTC price initially dipped to a low of 84,408.6 in the morning session and then rebounded strongly. By the afternoon, it had broken through the key resistance level of 87,800, indicating strong short-term bullish momentum.

Core Support and Resistance

1. Support Levels: 87,000 is the primary support in the afternoon. This level has repeatedly served as a stabilization point during rebounds. If the price pulls back but does not break below this level, the bullish trend is likely to continue. A stronger support below is 86,000, which is a critical breakout point for the morning rebound. Losing this level may interrupt the rebound momentum.
2. Resistance Levels: The short-term resistance above is 88,500 (the intra-day high point). If this level is effectively broken, there is potential to challenge the 89,000 mark. If the price faces resistance at 88,500, it is likely to enter a range-bound consolidation.

Trend Forecast

1. If the price remains above 87,800 with sustained volume, bulls will continue to push to test the 88,500-89,000 resistance zone, opening further upward space after a breakout.
2. If the price encounters resistance and pulls back within the 88,000-88,500 range, it will likely oscillate narrowly around 87,000-88,000, waiting for new bullish or bearish signals.
3. If the support at 87,000 is broken, the price may retest the 86,500-86,000 area, with a risk of the rebound trend ending temporarily.

Trading Suggestions

- Bullish: Lightly add positions on the support at 87,000, with a stop-loss below 86,800, targeting 88,500; after a breakout, consider increasing positions toward 89,000-89,500.
- Bearish: Only attempt short positions lightly when there is clear resistance at 88,500, with a stop-loss above 88,800, targeting 87,500-86,800.