2026-01-08 14:35:49

Bitcoin continues its oscillating downward trend today, briefly breaking below the key support level of 90,000 in the afternoon, and currently trading back and forth within this area in a narrow tug-of-war.

From a technical perspective, this level is highly significant — on the 4-hour chart, the MA256 daily moving average is around 8.95, and whether this moving average can hold is a key point to watch. At the same time, the 90,000 integer level has become a focal point of contention between bulls and bears, and the future direction mainly depends on the breakout from this level.

However, from a larger cycle perspective, the bullish main framework is still intact. This recent correction appears to be a normal technical retracement after a rally, without damaging the overall trend.

For short-term trading, you can consider entering long positions around 89,500, with an initial target of around 94,000.

BTC-0,28%

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SlowLearnerWang

· 01-11 11:42

It dropped below 90,000 again, and I just realized that people have been discussing MA256 for a while... If I had known, I would have bought in at 9.5. Now it's just a tug-of-war, really annoying, and I still have to wait for the big cycle confirmation.

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ImpermanentTherapist

· 01-08 15:01

90,000 is indeed a tough barrier, but I don't think it's enough to panic. It's just a normal shakeout and washout rhythm. As long as the bullish framework isn't broken, there's still a chance. Entering long at 89,500 won't incur losses, and reaching 94,000 would be a huge profit.

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SolidityStruggler

· 01-08 14:55

90,000 broke and then pulled back again, this repeated tossing is really incredible. As long as the bullish framework is still there, that's good; otherwise, it could collapse. Wait, can 89,500 really absorb the funds, or do we have to keep pushing it down? If the MA256 can't hold, how do we play it afterward? Just hit the limit down and now ready to take off again, this market really tests patience. I'm not sure, everyone. Who can confirm that this wave isn't just a trap to lure more traders in? It feels like we're going to test the range repeatedly again, this rhythm is so annoying. Reaching 94,000 is just around the corner, or is it just a dream?

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GasFeeSobber

· 01-08 14:54

90,000 didn't hold, and I'm really a bit annoyed this time. But upon closer inspection, there's still a chance; the 89,500 level is indeed a good entry point. --- If the MA256 line also breaks, we might need to reassess. --- Every time it's said to be a technical correction, but it still crashes as usual. Hopefully, this time it can rebound. --- 94,000? Dream on, let's first hold the 8.95 level, brother. --- It's starting to tug-of-war again. This kind of market really tests patience. When will we see a decent rebound? --- As long as the bullish framework remains, I feel at ease. Otherwise, these past two days could really collapse. --- Planning to go long is a good idea, but I think it's risky. The downtrend is quite fierce. --- Integer levels are just psychological barriers; whether they break through depends entirely on the market makers' mood.

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