#大户持仓动态 December 17th Midday Market Technical Analysis

This morning, Bitcoin surged to 87925.8 and then started a unilateral decline. It briefly fell to a low of 86158.4 before rebounding back to around 86571.9. Overall, the current situation is characterized by high-level oscillation and weakness, with a gradual decline and repeated testing. The drop from 87925.8 to 86158.4 took only a short time, falling over 1700 points. This rapid downward movement usually indicates a need for a rebound correction; whether the 86158.4 low can hold directly affects whether Bitcoin can stabilize above the 86000 mark—once it stabilizes, it may attract bottom-fishing funds to enter and push for a rebound.

**Key Price Level Analysis:**
On the upside, 86800 is the first resistance. Breaking through it would give momentum for a rebound, aiming towards 87000-87200; 87000 is a strong resistance level. Only after surpassing it can the rebound be confirmed, with targets pointing to 87600-87900.
On the downside, 86000 is the first support. If it fails to hold, the decline could accelerate, directly testing the 85400-85200 zone.

**Trading Ideas:**
Bullish traders can consider entering long positions with small positions when the price stabilizes around 86000-86200, with a stop-loss below 85900, and target the 86600-86800 range. If the price can hold above 87000 continuously, then look towards 87600-87900.
Bearish traders can consider short positions when facing resistance at 86700-86900, with a stop-loss above 87000, and targets around 86250-86000. If the price continues to break below 86000, then the bearish trend continues, with targets at 85400-85200.

$BTC