BTC｜12.26 Midday Market Analysis

As of midday, BTC is at 88,799.9. The intraday price initially surged to 89,432 but faced resistance and pulled back, then dipped to 86,824 to find strong support and quickly rebounded. Overall, the structure shows a sharp rally followed by high-level oscillation correction, a typical strong retracement digestion phase.

Technical Structure and Key Levels:
Short-term core support: 88,500–88,700
If effectively broken downward, the price is likely to retest the strong support around 88,000, at which point attention should be paid to the bulls' defensive strength.
Rebound resistance zone: 89,000–89,200
Strong resistance: around 89,400. To achieve an effective breakout, trading volume must significantly increase; otherwise, it remains a false breakout or a pullback.

After the expiration of $23.6 billion in options, phased selling pressure has been released, but the current market shows a clear wait-and-see sentiment: on-chain funds are mainly in a stock game, with no new capital entering for the time being. Every rally by the bulls is quickly taken profit on. This also indicates that in the short term, the market is unlikely to break out of a single trend and is more inclined to range-bound oscillation.

Pullback Long Strategy:
Range: 88,500–88,700, establish long positions
Stop-loss: below 88,000
Target: 89,000–89,400

Rebound Short Strategy:
Range: 89,000–89,200, enter short positions
Stop-loss: above 89,500
Target: 88,500–88,700

Midday, the market is likely to remain within the 88,500–89,200 range. Until the trend becomes clear, avoid chasing highs or panicking on dips. High sell and low buy is currently the best approach. Whether you can profit depends on whether you respect the structure and position, not on emotions.