January 8th, looking at BTC, is this wave of correction really over? Or is there still a chance to push higher later?

Honestly, based on the current K-line trend, the probability of continuing upward after the correction seems higher. Since that's the case, we need to think clearly about where the price is most likely to retreat to.

**Two support levels to hold:**

The first line of defense is in the 89,000-89,400 range. The second line of defense is at 87,700-88,000.

The current situation is that the price has fallen for two consecutive days. Since the low point of 89,640, there hasn't been a clear sign of rebound yet. Just hold the first support zone; even a rebound would be good.

However, if the price starts to go up, we need to see how it performs against the resistance levels above. If it manages a hard rebound but then gets pushed down by the bears, the first support zone may fail, and at that point, we need to watch the second support.

**Remember the two resistance levels above:**

91,200-91,600 is the first resistance, and 93,100-93,400 is the second resistance.

Since the short-term trend is still downward, the decline isn't over yet. So, pay extra attention to bearish signals in the first resistance zone—if there are opportunities, consider shorting.

If the bulls want to rebound, they need to see if the price can break through 91,600 and stabilize. Once it does, look toward the second resistance zone. If it breaks through 93,400, regardless of whether it stabilizes or not, the price should basically resume an upward trend.

As always, since we're not considering a direct top reversal for now, every dip is an opportunity to buy. But this approach only applies to spot trading or low-to-moderate leverage trading. If you're trading high-leverage contracts, be sure to set proper stop-losses and avoid greed.