12.24BTC Afternoon Market Prediction Analysis
I. Key Levels Update
- Resistance: 87300-87500 (Intraday rebound resistance level, consolidation platform during previous pullback), 87800 (Intraday high + short-term trend resistance level)
- Support: 86800-87000 (Near intraday low, starting point for oversold rebound), 86500
II. Afternoon Trend Judgment
1. Maintain weak oscillation in the 86900-87400 range, with insufficient rebound momentum. After a quick rise to 87798 in the morning, it fell back rapidly. In the afternoon, there was an oversold rebound from 86800, but the volume did not follow. The bulls are only driven by short-term bottom-fishing funds. A rise to 87300-87500 will encounter resistance again, testing the effectiveness of the 87000 support.
2. If there is a strong breakout above 87500, it will briefly rebound to test the intraday high of 87800 but is unlikely to stabilize; if it falls below the intraday low of 86800, it will quickly test 86500, and if broken, then look at 86200-86000.
III. Trading Strategy
- Long Position: 86400-86900 light position, stop loss at 86500, take profit at 87400-87800
- Short Position: 87400-87800 light position, stop loss at 88000, take profit at 86900-86400
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