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Bitcoin Latest Situation + Support and Resistance Levels Sharing!!! #BTC $BTC
🎄 Christmas Market Outlook: Liquidity Exhaustion, Narrow Range Fluctuation
Market Environment: Today is Christmas Day, the traditional financial markets in Europe and America (US stocks, ETFs, CME futures) are closed all day. This means that most of the main funds and institutions are on holiday, and the market is in a “driverless” state.
Latest Pattern:
Zombie Market: Compared to yesterday’s downward trend, BTC has been trading sideways for a long time today within a very narrow range of 87,000 - 87,500.
Volume Signal: Trading volume is extremely shrinking. At such times, a very small amount of capital can trigger sudden and intense price fluctuations (up and down), or the price remains motionless like dead water.
Key Battle: Currently, the price is stuck in the middle. The 88,000 level above is a strong resistance (bearish defense line), and the 86,000 level below is a strong support (bullish fortress). Without external news stimuli, it is highly likely to stay within this range and fluctuate in “garbage time”.