2026-01-08 15:22:00

The 120 moving average is approximately at 89,000, which sounds like a support level, but there's a problem—89,000 itself was the previous high point around 87,500 during the upward surge. Once it hits 89,000, it’s highly likely to be pushed back down near 87,500. The panic level when dropping into this area, honestly, is probably second only to the drop from 128,000 to 80,000. Instead of wasting effort trying to guess the bottom, it's better to sit back and watch how the market unfolds.

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SatoshiLeftOnRead

· 01-11 15:22

89000 is just a false support; it will eventually be broken through.

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MEVSandwichVictim

· 01-11 13:57

I saw that break below the 89,000 level coming a long time ago. It'll break below again when the time comes.

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MidnightSeller

· 01-08 15:50

89,000 is just a trap, the ceiling of the last rebound, and this time it will be knocked down again.

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gas_fee_therapy

· 01-08 15:45

The 89,000 hurdle feels like a paper tiger. --- Another "support point" story—I bet five bucks it'll still be broken through. --- Instead of worrying about where the bottom is, it's better to figure out how much you can lose first. --- That wave at 87,500 really shattered the psychological defense line. --- Waiting for a rebound while holding the moving average? I think it's a gamble; the market doesn't rely on technical indicators like that. --- Guessing the bottom—nine out of ten people lose, and there's always one on the way.

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BlockchainNewbie

· 01-08 15:41

89,000 is just a false support, don't believe it too much --- It's the same theory again, I said this last time too --- Rather than guessing the bottom, it's better to watch the show, that really hits home --- Falling to 87,500 was indeed tragic, but not that bad --- What’s the use of the 120 moving average? Mainly depends on how the whales play --- I've already said that 89,000 is useless, do you understand now? --- Watching the market perform, anyway I have no bullets left --- This brother's analysis is pretty good, but he's too pessimistic --- The wave from 128,000 to 80,000 was really desperate, what about now? --- There are too many support points, each can be broken through

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StableCoinKaren