#以太坊行情解读 Analysis of BTC Market Highlights in the Early Hours of December 20

Overall Outlook

In the early hours, BTC is likely to fluctuate within the 87,000–89,000 range. The key point of strength and weakness is here; moving upward is quite challenging, but there is a support level below.

Reasons for Bullishness

Price Support: Yesterday’s dip near 87,000 showed clear signs of absorption, coupled with the previous support at 84,408.6, which held firmly, forming a strong support level. As long as the 87,500 level holds in the early hours, bulls may have a chance to push for a new high.

Technical Trend: Since hitting the bottom at 84,408.6 on December 19, the price has not fallen further, and the rebound has been quite vigorous. The short-term upward trend remains intact. Currently, the high-level oscillation is essentially a buildup of energy. If funds are willing to take small positions, reaching the 89,000 mark is possible. Once the price breaks through the previous high of 89,447.9, it could head straight for 90,000.

Reasons for Caution

There are two resistance levels: the 89,000 integer mark and the previous high at 89,447.9. Both are quite solid. Multiple attempts to break through during the day have failed, and if trading volume remains weak in the early hours, bulls will struggle to gather enough strength to break these levels. Without momentum, selling pressure will emerge.

Pattern Warning: The current candlestick pattern shows a "rise and fall" formation. If the price cannot stabilize above 88,500 in the early hours, a short-term bearish divergence could form, and a technical correction may be triggered at any time.

Key Operation Levels

Long Entry Ideas: If the price stabilizes around 87,300–87,500, it’s a good entry point, with a stop-loss at 87,000. If it can hold above 88,000, the first target is 89,000; if it breaks through 89,447.9 in one go, it could head directly to 90,000. For a rise starting from 87,500, focus on the 88,500–89,000 range.

Short Entry Ideas: When facing resistance above 88,800–89,000, consider short positions with a stop-loss above 87,500. If the price falls below 87,500, the first target is 87,000, and further down to 86,000. In extreme cases, if the 87,000 support is broken, watch out for 85,000.