12.23BTC Afternoon Price Trend Prediction Analysis
From the current K-line chart, it can be seen that after reaching an intraday high of 88904.9, the BTC price has shown a stepwise downward trend. In the afternoon session, the decline further expanded, dipping to a low of 86976.6, and as of the current quote, it is at 87100.7, with short-term bearish forces dominating.
1. Short-term Technical Signals
1. Trend Characteristics: The hourly K-line has continuously closed in the red, breaking below key support levels of 88000 and 87500, and the moving average system shows a bearish arrangement, indicating a clear short-term downward trend.
2. Support and Resistance: The immediate support is at the round number of 87000, and if it breaks below, it may further dip into the 86500-86000 range; the resistance above is first at 87500, with strong resistance at 88000.
3. Volume and Sentiment: During the decline, the bearish candlestick bodies have expanded, reflecting a strong willingness to exit, and short-term panic sentiment in the market is rising.
2. Afternoon Trend Prediction
1. Likely Trend: In the afternoon, BTC price may weakly oscillate in the 87000-87500 range; if the 87000 support is lost, it will continue to probe the 86500-86000 area; if it can stay above 87000, a slight rebound may occur, but the rebound strength is likely limited by the 87500-88000 resistance zone.
2. If an unexpected favorable news occurs (such as macro policy changes or shifts in funding), the price may quickly rebound back to the 88000-89000 range, but this situation lacks technical support and has a low probability.
3. Operational Suggestions
- Short-term Traders: Avoid chasing shorts and wait for stabilization signals at the 87000 support level; if it rebounds to the 87500-88000 resistance area, a light short position can be attempted, with strict stop-loss settings.
- Medium to Long-term Traders: Temporarily observe and wait for the exhaustion of the downward momentum or clear reversal signals before making a strategic layout.
Risk Warning: Cryptocurrency prices are highly volatile, and the above analysis is based solely on technical aspects. Comprehensive judgment must consider macro market conditions, capital flows, and other factors, and risk control must be implemented during operations.
