December 19 Evening BTC Market Forecast and Analysis

Tonight, BTC is likely to exhibit wide-range oscillation and breakout movement.

1. Support Level: The intraday low of 84,408.6 forms a strong support, which is a short-term stabilization turning point after a decline. There are clear signs of bottom-fishing, and if the price revisits this support without breaking below, a rebound will be triggered.
2. Trend Aspect: The bullish momentum that previously surged to 89,447.9 has not been fully released. Currently, the price has returned above 87,000, indicating a pullback confirmation after a breakout. There is a possibility of a further push to the previous high or even a new high tonight.
3. If the price stabilizes above 88,000, the first target is 89,500; breaking the previous high could see a move toward 91,000.

Bearish Logic and Profit Targets

1. Resistance Level: 89,447.9 is a short-term strong resistance. Multiple attempts to break higher have failed, and signs of stagnation near 88,000 have appeared. The bullish momentum is weakening, which could trigger selling pressure.
2. Technical Aspect: The long upper shadow on the intraday rally indicates heavy selling pressure above. If the price cannot break through 88,500 tonight, a double top pattern may form, triggering a technical correction.
3. If the price falls below 87,500, the first target is 85,000; a break below 84,408.6 could target 83,400.

Key Trading Levels

- Bull Entry: Revisit and stabilize in the 87,000–87,500 range, with a stop loss at 86,500.
- Bear Entry: Face resistance in the 88,500–89,000 range, with a stop loss at 89,500.