Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC $BTC

Let's restore the truth of this "hellish washout" wave from last night to this morning:
First cut: Dropped to 88,113, washing out aggressive longs above 88k.
First candy: Rapidly surged to 90,605, enticing longs to chase the rally.
Super cleaning: Just when everyone thought it was stable, the main force reversed with a single blow down to 87,209! This not only broke through the 88,000 strong bottom, but also instantly pierced the 87,700 daily life line.
God-level V-reversal: After obtaining bloodied chips at 87,200, the main force violently pushed the price up, instantly returning to 90,434, reclaiming all lost ground.
Conclusion: This is not a simple correction; it is the ultimate washout of "bull and bear double kill." 87,209 has now become the latest, blood and fire tested "ultimate iron bottom" in the market.
Based on the latest 15-minute K-line chart and this thrilling trend, Feiyu provides you with a revised afternoon market analysis:
🧊 Feiyu Afternoon Analysis: 87,209 completes the ultimate bottoming out, the 90,000 level is ready to break out
Current time: January 22, 15:33 BTC current price: 89,916
Latest situation:
Calm after the storm: After last night's near 3000-point reversal from 87,209 to 90,434, the market is now consolidating with reduced volume in the 89,500 - 90,000 range.
Technical pattern: From the 15-minute chart, the candlesticks have stabilized at the oscillation median line. The super long lower shadow of 87,209 indicates deep buy orders below.
European session expectation: The key is the opening at 16:00. Since the "deep V" pattern has already played out last night, the current intention of the main force is very clear—wear down the bears' patience at the 90,000 level, then break through in one go.
1. Support and Resistance Levels
🟢 Short-term support (1-3 days, intraday/European session)
89,400 - 89,500: Immediate support. The bottom of the current 15-minute oscillation box. If not broken here in the afternoon, it is a very strong feature.
88,600 - 88,800: Strong support. The "waist" position of last night's V reversal. If the European session revisits this level, it is an excellent secondary entry point.
87,209: Intraday iron bottom (absolute stop-loss). The lowest point of the entire market. This position is the limit of this round of washout; breaking below it means last night's V reversal was a trap, and one must exit blindly.
🔵 Mid-term support (1-2 weeks, swing)
86,000: 50-day moving average support.
84,500: Bottom of the large cycle box.
82,000: Deep decline correction target.
🔴 Short-term resistance (1-3 days)
90,100 - 90,200: Immediate resistance. The short-term resistance level shown on the chart. Also the current small ceiling suppressing the price.
90,605: First peak last night. Breakthrough here, forming an N-shaped rally.
91,500: Strong resistance. Dense area of previous trapped positions.
🟠 Mid-term resistance (1-2 weeks)
94,500: Previous historical high area (top-bottom conversion).
96,431: Highest point of this rebound.
100,000: Large cycle psychological barrier.
2. Comprehensive Analysis and Best Entry Strategy
Overall view: Currently at 89,916, in a "high-level sideways consolidation after deep V reversal."
Bullish strategy: The needle at 87,209 has already confirmed the bottom. The main force exerted great effort to wash people out and then bring it back, definitely not to dump here. Stay bullish, aiming for a breakout.
Bearish strategy: Do not short. After experiencing the "double kill," the market is very light. Once it surpasses 90,200, a chain of stop-losses will trigger a cascade of sell-offs.