December 26 BTC Technical Analysis (11:00, China Time)

• Price Snapshot: approximately $87,600 USD, narrow fluctuations, low trading volume; about $28.5 billion BTC/ETH options expiring on Deribit, significantly increasing volatility risk.

• Key Levels: Resistance at 88,000-89,000, strong resistance at 90,000; support at 87,000, 86,000-86,500, breaking below targets 80,500 (November low).

• Chart Patterns and Indicators: Daily chart shows an ascending wedge (bearish), EMA20/50 resistance; 4-hour RSI≈43 neutral to weak, MACD bearish shrinking, OBV declining, bullish momentum insufficient.

Actionable Strategies

• Short-term short positions (buy on rebound): Entry at 87,700-87,900, take profit at 87,000, stop loss at 88,200, position size ≤2%, risk-reward ratio≈1.4; do not chase short if price directly breaks below 87,000 to avoid short-term rebounds.

• Breakout Strategy: If price stabilizes above 89,000 with increased volume, go long with light position, target 90,000, stop loss at 88,000; if price falls below 86,000, consider rebound short, target 80,500, stop loss at 87,000.

• Wait-and-See Strategy: During options expiry or abnormal volatility, wait for clear breakout in the 86,000-89,000 range before acting to avoid liquidity traps.

Risk Reminder

• Options expiry may trigger sharp fluctuations; strictly control position sizes and stop-loss levels.

• Support in the 80,000-89,999 range is weak; during adjustments, volume turnover is needed to build a bottom, and a break may accelerate downward movement.