#btc 🔥🔥🔥Technical Observation🔥🔥
Price Zone: Bitcoin is currently consolidating within the $87,400 – $87,800 range. Over the last 24 hours, we have seen some mixed momentum in the market.
Support & Resistance:
Immediate Support: $86,400 (If price bounces from this level, the bullish trend is likely to remain intact
Major Resistance: $88,050 #– $88,500. If this zone is broken with strong volume, we may see a fresh move to the upside.
Whale Activity: Recent data shows that selling pressure from large holders (whales) on Binance has slightly decreased, which is a positive signal for long-term holders.
💡 Trading Strategy (Intraday):
Bullish View: If a 4-hour candle closes above $88,100 and a successful retest occurs, the next target could be $89,400+.
Bearish View: If price breaks below the $86,400 support, we may see a short-term correction toward the $85,000 level.
📌 Advice: Due to the Christmas holiday, market liquidity may remain low. It’s wise to avoid high leverage and always use a stop loss (SL).
