12.23BTC afternoon price movement prediction analysis

From the current candlestick chart, it can be seen that the BTC price has shown a stepwise decline after reaching an intraday high of 88904.9. In the afternoon session, the decline further expanded, dipping to a low of 86976.6. As of the current quote of 87100.7, short-term bearish forces dominate.

1. Short-term technical signals

1. Trend Characteristics: Hourly candlesticks have continuously closed lower, breaking through key support levels of 88000 and 87500, with the moving average system showing a bearish arrangement, indicating a clear short-term downtrend.
2. Support and Resistance: The immediate support is at the 87000 integer level below, and if it breaks, it may further test the 86500-86000 range; the resistance above is initially at 87500, with a strong resistance level at 88000.
3. Volume and Sentiment: During the downtrend, the bearish candlestick body expands, reflecting a strong willingness to escape from the selling pressure, and short-term panic sentiment in the market is increasing.

2. Afternoon price movement prediction

1. High probability price movement: In the afternoon, BTC price may first experience weak fluctuations in the 87000-87500 range. If the 87000 support fails, it will continue to test the 86500-86000 area; if it can hold above 87000, a slight rebound may occur, but the strength of the rebound is likely to be limited by the resistance zone of 87500-88000.
2. If there is a sudden favorable development (such as macro policies or changes in the funding environment), the price may quickly rebound back to 88000-89000, but this situation lacks technical support and has a low probability.

Three, Operation Suggestions

- Day traders: Avoid chasing shorts and wait for a stabilization signal at the 87000 support level; if there is a rebound to the 87500-88000 resistance zone, a small short position can be attempted with strict stop-loss settings.
- Medium to long-term traders: temporarily observe and wait for the decline momentum to weaken or clear reversal signals to appear before positioning.

Risk Warning: Cryptocurrency prices are highly volatile, and the above analysis is based solely on technical aspects. It is essential to consider macro market factors, capital flows, and other elements for a comprehensive assessment, and to ensure proper risk control when operating.