Bitcoin daily chart closes with another down candle, forming a three-day consecutive decline pattern. The short-term bearish momentum continues, and the price has returned to near the middle band of the Bollinger Bands. From a technical perspective, maintaining the 89000 level tonight will be difficult; once it is broken, there is a risk of further correction downward.
Structurally, the current situation remains within a daily chart box pattern. 89000 is a key support level; if it is effectively broken, it is highly likely that the price will directly probe the bottom of the box at around 85000.
In terms of trading strategy, focus on the performance around the 89000 region tonight. Once this support is broken, it is advisable to adopt a bearish outlook. From the trend observed since Thursday night, the 90500-90800 zone is a resistance area, and subsequent targets should focus on the support band between 89000 and 87000.
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MetaverseMigrant
· 01-11 10:55
89000 really can't hold, it feels like it's about to break below.
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GasFeeSobber
· 01-11 01:39
If I can't hold 89,000, I'll just laugh. I saw it coming a long time ago.
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AirdropworkerZhang
· 01-10 22:16
If you can't hold 89,000, this wave will directly drop to 85,000, right? Looks like another cut-loss situation.
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TokenTherapist
· 01-08 11:51
89,000 is about to be broken again. This time, I really feel like I can't hold on anymore.
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CoinBasedThinking
· 01-08 11:50
If it breaks 89,000 again, we'll just head straight to 85,000.
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WhaleShadow
· 01-08 11:47
89000 really can't hold, I saw it coming a long time ago. When the time comes, it'll drop straight to 85000 to reveal the true nature.
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ForkPrince
· 01-08 11:32
89000 really can't hold, it feels like it will break tonight
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token_therapist
· 01-08 11:25
89000 really can't hold, it feels like it's about to break below.
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ZKProofEnthusiast
· 01-08 11:25
89,000 is highly likely to break tonight. The funds prepared for bottom-fishing should get in now.
Bitcoin daily chart closes with another down candle, forming a three-day consecutive decline pattern. The short-term bearish momentum continues, and the price has returned to near the middle band of the Bollinger Bands. From a technical perspective, maintaining the 89000 level tonight will be difficult; once it is broken, there is a risk of further correction downward.
Structurally, the current situation remains within a daily chart box pattern. 89000 is a key support level; if it is effectively broken, it is highly likely that the price will directly probe the bottom of the box at around 85000.
In terms of trading strategy, focus on the performance around the 89000 region tonight. Once this support is broken, it is advisable to adopt a bearish outlook. From the trend observed since Thursday night, the 90500-90800 zone is a resistance area, and subsequent targets should focus on the support band between 89000 and 87000.