December 18 Early Morning BTC Price Trend Forecast and Analysis



From the early morning candlestick chart, BTC shows an extreme volatile pattern: a surge to a high of 90363.2 followed by a sharp plunge, then a bottom at 86128.5 with oscillating rebound.
First resistance: 86800-87000 (intraday rebound resistance level)
Second resistance: 87500-88000 (previous oscillation platform lower boundary + short-term resistance)
Strong resistance: 88500-89000 (key dividing line after the plunge)
First support: 86300-86150
Second support: 86128.5 (intraday low)
Strong support: 86000 (psychological level + emotional support level)

If the price stabilizes above 86800 in the early morning and breaks through 87000 with increased volume, the upward correction will continue, aiming for the 87500-88000 range.
If the 86300-86150 zone is broken and the support at 86128.5 is breached, the price will revert to a weak downward trend, with the first target at the 86000 psychological level, and if broken, it could decline to 85800-85500.

Trading Suggestions:
Bullish Strategy: Stabilize in the 86150-86300 range (with MACD golden cross + moderate volume increase), go long with a small position, target 86800-87000, stop loss below 85500. If it breaks through 87000 and remains stable, it can aim for 87500-88000.

Bearish Strategy: Face resistance in the 86800-87000 range (with RSI overbought + bearish divergence signals), go short with a small position, target 86300-86150. If it continues to break below 86128.5, further downside to 86000-85500 is expected.
BTC0.29%
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