12.19 BTC Morning Market Forecast

In the morning, BTC dipped to a low of 84,408.6 and then rebounded. Currently trading at 85,453.5, forming a bottoming and rebound correction pattern. However, the rebound volume is insufficient, and it has not broken through the dense resistance zone of the early oscillation on the intraday chart.
On the intraday chart, 85,600-85,800 is a short-term direct resistance zone (the high-density trading area of the previous oscillation), and 84,400-84,300 is the core support.

Continuous long upper shadow bearish candles highlight resistance. The price is operating near the lower Bollinger Band, and the weak pattern remains unchanged; KDJ is declining and diverging at low levels, indicating short-term oversold signals, providing a technical basis for a rebound. However, the MACD dead cross and green bars have not shrunk, and the bearish trend has not reversed. The rebound only recovers the intraday decline space and has not broken through the key resistance at 85,800, indicating limited bullish attack strength. The rebound is a short-term correction after oversold conditions, not a trend reversal.

Today, focus first on the consolidation and correction below 85,800. If a volume breakout occurs at this level, the rebound can further target 86,000-86,500; if it faces resistance and falls back, it will test the support at 84,400-84,300 again.

Trading suggestions:
- Long positions: Buy in the 84,800-84,300 range, with the first target at 85,600-85,800. After breaking through, look towards 86,000-86,500. Stop loss below 84,000.
- Short positions: Short in the 85,600-85,800 resistance zone, with targets at 85,000-84,500. Stop loss above 86,000. If broken downward, target 84,300-83,700, with stop loss above 86,500.