Bitcoin encounters selling pressure from the key supply zone at 93K-94K and is currently testing the upward trendline. From the chart, this looks more like a normal technical correction rather than panic selling. As long as the price stays above the 89K support level, the bullish overall framework remains intact. This level is indeed critical. If it can close above the trendline, there is still room for further upward movement; but if it breaks below, it may enter a deeper correction, opening up larger opportunities for the bears. The key focus in the near term is still this support line.
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TopBuyerBottomSeller
· 01-11 13:59
If we can't hold 89K, then we'll have to do some deep squats.
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PoolJumper
· 01-11 08:14
As long as the 89K level holds, it's stable; the only concern is being broken through.
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InfraVibes
· 01-08 15:53
Will the 89K line break or not really be a watershed? It feels like we're just scraping by on the edge of danger this wave.
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LiquidationWatcher
· 01-08 15:53
You really need to keep a close eye on the 89K level; if it breaks through, it's game over.
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AirdropHunter420
· 01-08 15:52
If we can't hold the 89K level, it's really going to collapse. Worrying.
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VitaliksTwin
· 01-08 15:46
Whether 89K breaks or not really depends on fate, it's terrifying
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consensus_whisperer
· 01-08 15:37
If 89K can hold, it's fine; only when it breaks through does it become uncomfortable.
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StableGenius
· 01-08 15:28
nah this is just textbook support/resistance theater tbh. everyone and their mom watching 89k rn lol
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GateUser-ccc36bc5
· 01-08 15:24
If the 89K level truly can't hold, I'll have to consider reducing my position.
Bitcoin encounters selling pressure from the key supply zone at 93K-94K and is currently testing the upward trendline. From the chart, this looks more like a normal technical correction rather than panic selling. As long as the price stays above the 89K support level, the bullish overall framework remains intact. This level is indeed critical. If it can close above the trendline, there is still room for further upward movement; but if it breaks below, it may enter a deeper correction, opening up larger opportunities for the bears. The key focus in the near term is still this support line.