December 18 $BTC Market Analysis

As of December 18, BTC is at $87,800, with an intraday volatility of 1.5%. The 24-hour trading volume has shrunk by 38%, showing typical holiday weak liquidity characteristics. On the macro front, after the Federal Reserve's December rate cut, policy has become more cautious. The US dollar index closed at 98.095, exerting mild pressure on risk assets.

Technically, short-term support focuses on the $86,000-$86,500 range, with MA5/MA10 forming short-term support; resistance is concentrated at $88,500 and the $90,000 round number, with MA21 still providing strong resistance. The 4-hour RSI is in the neutral zone at 42, and the MACD bearish momentum is weakening, with no clear trend signals.

Fundamentally, Bitcoin ETF net outflows have continued for five days, combined with the expectation of $23 billion options expiring on December 26, leading to a cautious market sentiment. Operationally, it is recommended to trade within the range, with light positions for long entries at support levels and reducing positions at resistance levels when appropriate. Keep individual positions within 5% and strictly adhere to stop-loss rules to avoid sudden volatility risks.