Last night's performance of Bitcoin was a bit exhausting—it directly plunged through the 90,000 integer level, which also means that the two-day rebound trend has officially failed.
Looking at the recent K-line movements, there are significant issues. The critical support at 90,000 has been lost, and the risk of further decline has clearly increased. Currently, the price is hovering around 91,000, and the selling pressure continues to be released.
What does the next trend look like? Most institutions and traders are pointing in the same direction—the likelihood is that Bitcoin will continue to probe downward, and the 87,000 to 88,000 range is very likely to be tested again. From a technical perspective, there is no strong support to stop this wave of decline.
The market is like this—sometimes rebounds are just temporary pauses, and the true bottom takes time to confirm. In the short term, investors should be mentally prepared, as this oscillating downward rhythm may continue.
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AirdropHarvester
· 01-09 00:53
Did it break 90,000? Here we go again, just a rebound for a couple of days before getting slapped in the face.
Retail investors are always the last to catch the bag.
Can 87,000 really hold? Feels like there's still more downside.
This market makes it really hard to make money.
It's time to clear out and cut losses again, my mental state is collapsing.
Psychological preparation? I've been ready for it, anyway I can afford to lose.
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SwapWhisperer
· 01-09 00:53
90,000 break is really incredible, the rebound died so quickly
Just by looking at this pattern, you can tell there's no bottom, 8.7 is confirmed to break
Everyone, get mentally prepared for this wave
It's time to buy the dip again...
If 90,000 can't hold, it means the bears are still exerting pressure
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ForkTongue
· 01-09 00:37
Here we go again, every rebound follows the same pattern
Once 90,000 breaks, it drops to 87,000, exhausting everyone
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NeonCollector
· 01-09 00:34
Damn, it broke 90,000 again. The rebound is really just a sham.
Last night's performance of Bitcoin was a bit exhausting—it directly plunged through the 90,000 integer level, which also means that the two-day rebound trend has officially failed.
Looking at the recent K-line movements, there are significant issues. The critical support at 90,000 has been lost, and the risk of further decline has clearly increased. Currently, the price is hovering around 91,000, and the selling pressure continues to be released.
What does the next trend look like? Most institutions and traders are pointing in the same direction—the likelihood is that Bitcoin will continue to probe downward, and the 87,000 to 88,000 range is very likely to be tested again. From a technical perspective, there is no strong support to stop this wave of decline.
The market is like this—sometimes rebounds are just temporary pauses, and the true bottom takes time to confirm. In the short term, investors should be mentally prepared, as this oscillating downward rhythm may continue.