#大户持仓动态 December 19 Evening BTC Market Outlook

From a technical perspective, BTC is likely to experience wide-range fluctuations tonight, but a breakout is more probable.

**Bullish Perspective**

The intraday low of 84,408.6 is holding firmly, which is a stable position after a short-term decline, and signs of bottom-fishing funds entering are quite clear. If the price revisits this level tonight and holds, the rebound will be solid. Previously, when the price surged from 89,447.9, the bullish momentum hadn't fully exhausted itself. Now that the price has stabilized above 87,000, it’s like a breakout followed by a retest confirmation. At this stage, continuing the rebound to challenge the previous high, or even breaking the top directly, is possible.

Specifically, if the price can hold above 88,000, the first target is 89,500. If the previous high is broken, then attention shifts to the 91,000 level.

**Bearish Perspective**

The 89,447.9 level faces strong resistance. Multiple attempts to break higher failed, and there was a stagnation near 88,000—this is a sign of diminishing volume, which can trigger profit-taking pressure. The long upper shadow on the daily chart indicates insufficient buying support above, and heavy selling pressure. If tonight the price cannot break through 88,500, a double-top pattern may form, making a pullback almost certain.

For stop-loss placement for bears: if it falls below 87,500, watch 85,000; if even 84,408.6 cannot hold, the next focus is 83,400.

**Trading Suggestions**

- Bullish: Stabilize in the 87,000–87,500 range to go higher, with a stop-loss at 86,500.
- Bearish: Encounter resistance in the 88,500–89,000 rebound zone to short, with a stop-loss at 89,500.

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