12.19BTC Afternoon Trend: After hitting a low in the morning, how high will this rebound go?
This morning, BTC plummeted to 84408.6 and then directly “pulled out of the ground,” breaking through the resistance level of 87800 in the afternoon. The bulls are indeed strong!
Let's highlight the support / resistance levels:
1. Support: 87000 is the current “lifeline” — it has been tested several times during the rebound without breaking; if it holds, the price can continue to rise. If it fails, we need to watch the bottom line of 86000. If that breaks, this rebound might cool off.
2. Resistance: Keep an eye on 88500 (the high point reached today); if it breaks through, it can touch the round number of 89000. If it gets stuck here, it will have to oscillate within a range.
How will the afternoon trend play out?
If it stabilizes above 87800 with volume, the bulls can continue to push towards 88500-89000, and if it breaks through, the upward momentum will be even stronger.
If it gets stuck and falls back in the range of 88000-88500, it will likely hover around 87000-88000, waiting for new signals.
If 87000 cannot hold, it will drop back to 86500-86000, and the rebound may pause.
Here's a clear action plan for you:
Long: Follow closely with a light position at 87000, set a stop loss below 86800, initially targeting 88500; if it breaks through, increase the position to aim for 89000-89500.
Short: Only try a light position if 88500 clearly cannot hold, setting a stop loss above 88800, with a target of 87500-86800.
