December 26 BTC Technical Analysis (10:25, China Time)

• Price Snapshot: approximately $87,800, narrow fluctuations, low trading volume. Due to the expiration of about $28.5 billion BTC/ETH options on Deribit, volatility risk increases.

• Key Levels: Resistance at 88,000-89,000; Support at 87,000-86,000; Breakouts target 80,500 (November low) or 90,000.

• Chart Patterns and Indicators: Daily chart shows an ascending wedge (bearish), EMA20/50 resistance, RSI≈44 neutral, MACD weak, 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 about 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, add a small long position targeting 90,000, stop loss at 88,000; if it breaks below 86,000, consider a rebound short with target at 80,500, stop loss at 87,000.

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

Risk Alerts

• Options expiration (about $28.5 billion) may trigger sharp volatility; pay attention to position sizing and stop losses.

• Support in the 7-8.99万 range is weak; during adjustments, volume should increase to build a bottom, and a break may accelerate downward.