As of December 17, 2025, 5 PM, BTC spot is approximately $86,900, with a "surge and pullback stabilizing" during the adjustment period after falling from a high of $126,000, mainly fluctuating between $85,000 and $89,000 in the short term.

Key Points

• 📊 Price and Sentiment: The intraday low is around $86,200, slightly up; the fear and greed index is 16, still in extreme fear.

• 🛡️ Support: $85,000-$86,000 is the core (Fibonacci + trend line), if broken, look to $80,600, with strong support at $80,000.

• 🚧 Resistance: Initial resistance at $88,000-$89,000, strong resistance at $90,500-$94,000 (downtrend line + previous consolidation level).

• 📈 Technicals: Daily RSI ≈ 43 (neutral to bearish), MACD red bars narrowing, showing signs of a downward cross; 4-hour fluctuations show no clear directional signal.

• 💰 Funds and News: ETFs have seen slight outflows for two consecutive days, futures open interest has declined, and perpetual contract selling pressure has increased; short-term focus is on the US CPI and Federal Reserve statements.

Short-term Judgment and Operations

• There is a high probability of fluctuating between $85,000 and $89,000 in the next 24-48 hours, with the direction pending confirmation of a breakout.

• Operations: High sell and low buy within the range, strict stop-loss; if it breaks through $88,000-$89,000, consider a small long position, and reduce positions to hedge if it falls below $85,000. $BTC #加密市场观察