12.18 BTC Midday Market Forecast and Analysis

Support Levels: The first support is at 86,200 (the low area during intraday pullback), which is a key defense level for short-term bulls. If held, the sideways bullish trend will continue; the second support is at 86,000 (the midpoint of the previous consolidation platform). A break below may lead to further retests of the 85,900-85,800 range.
Resistance Levels: Short-term resistance is at 86,700-86,800 (the dense trading zone below the intraday high). If the price can effectively break above 86,800, it may attempt to challenge the 87,000 level; the secondary resistance is at 86,600 (the resistance level during the morning rebound).

Midday BTC is likely to show a range-bound consolidation: on one hand, the pullback after an early rally did not show sustained high-volume decline, indicating that bulls still have support, and the 86,200 support remains relatively effective; on the other hand, after a short-term surge, the market shows profit-taking demand, making it difficult to quickly break through the intraday high again. The price is expected to fluctuate narrowly between 86,200 and 86,700, awaiting volume changes or macro news to break the range.

Operational Strategy Reference
If the price retraces to the 85,800-86,200 range, consider going long with targets at 86,800-87,000, and set stop-loss below 85,500. If the price breaks above 87,000 and stabilizes, target 87,500-87,900.

Wait-and-see Strategy: If the range-bound movement is minimal and volume continues to decline, it is recommended to refrain from trading and wait for a clearer direction before entering the market.
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