December 19, 2025 $BTC The current market is in a clear downtrend. Brief rebound attempts have been suppressed by the bears, and technical indicators (MACD, RSI) along with price structure all support a downward trend.

Resistance levels (need to break through to ease downward pressure):

1. Recent high resistance: $88,533 (highest point of the 197th K-line). This is the starting point of the recent strong sell-off and a key resistance.

2. Moving average resistance/psychological level: $87,200 - $87,900 area (near the slow EMA and previous small platform).

3. Strong resistance: $89,500 (highest point of the 196th K-line). Only a breakout above this level could reverse the short-term downtrend.

Support levels below (breaking below may accelerate decline):

1. Recent low support: $84,450 (lowest point of the 198th K-line). This is the lower boundary of the current oscillation range.

2. Key psychological support: $84,000. Falling below this may trigger a new round of selling.

3. Next support: $83,000 (inferred from previous trend).

Conclusion and operational tips:

1. For bulls: The current is not an ideal entry point. Wait for the price to volume-break above $88,500 and stabilize, with MACD forming a golden cross and RSI returning above 50, before considering a trend reversal.

2. For bears: The trend is still continuing. Watch for price rejection and pullback in the $86,800 - $87,200 (EMA area), or increased momentum after breaking below $84,450 for short opportunities. Stop-loss can be set above key resistance levels.

3. For observers: Market sentiment is bearish, so caution is advised. Focus on the breakout direction of the $84,450 - $87,200 range. Do not blindly bottom-fish before clear bottom reversal signals (such as volume expansion long bullish candles, MACD bullish divergence, etc.) appear.

Risk warning: Cryptocurrency volatility is intense. The above analysis is based on 4-hour data; short-term fluctuations may intensify. Make comprehensive decisions by considering larger cycle trends (such as daily charts) and real-time market news, and strictly control risks. #市场触底了吗？ #加密市场观察