12.17 Midday Market Forecast and Analysis

In the early trading session, the asset price surged to 87,925.8 before declining sharply, reaching a low of 86,158.4 before rebounding to the current 86,571.9. Overall, the market is in a weak correction phase characterized by a rebound after a surge. The price dropped from 87,925.8 to 86,158.4, a decline of over 1,700 points in a short period, indicating a rapid sharp decline and the potential for an oversold technical rebound. The low at 86,158.4 signals a short-term stabilization; if the 86,000 level can be maintained, capital may enter to buy the dip and push the rebound.

First Resistance Level: 86,800. Holding above this level would strengthen the rebound momentum, potentially targeting the 87,000-87,200 range.

Strong Resistance Level: 87,000. Breaking this level would confirm a short-term rebound trend, with further targets at 87,600-87,900.

First Support Level: 86,000. Falling below this key level would open the downside space, with targets at 85,400-85,200.

Rebound Resistance Level: 86,800. If the rebound encounters resistance here, it would confirm a lack of strength in the upward correction, and bears may re-enter.

Trading Suggestions:
① Bullish Strategy
When the price stabilizes in the 86,000-86,200 range, try a light long position with a stop-loss below 85,900, targeting 86,600-86,800. If the price sustains above 87,000, aim for 87,600-87,900.

② Bearish Strategy
When facing continuous resistance in the 86,700-86,900 range, consider short positions with a stop-loss above 87,000, targeting 86,250-86,000. If the price continues to break below 86,000, target 85,400-85,200.