2026-01-08 15:25:53

BTC has recently entered a correction phase. The price has fallen back to the 89,834.8 USDT level, breaking below the short-term MA5 (92,024) and MA10 (90,448). Currently, it is supported by the MA20 (89,177). From a technical perspective, the MACD momentum is clearly weakening, and the RSI is only at 44.9, indicating some weakness but not yet oversold. Yesterday's 24-hour trading range fluctuated between 89,429 and 92,159, with average trading volume. The key support level is around 89,400; once broken, lower levels are waiting. On the upside, the 90,600 level acts as a resistance. Overall, it is currently a weak oscillating pattern, and a bullish or bearish move is about to be decided.

BTC1,54%

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BakedCatFanboy

· 01-11 12:44

Once 89,400 is broken, it will be heading towards the 80,000s. This wave of correction is quite intense.

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MrDecoder

· 01-11 05:36

Again and again, messing around at 89,000. It feels like either pushing down to 89,400 or holding firm to bounce back to 90,600. This market trend is really unpredictable.

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TradFiRefugee

· 01-08 15:55

Starting to mess around again, this wave is really a bit annoying MA20 is almost unable to hold, if it breaks 89,400, we'll have to see how deep the pits are behind it

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MetaverseVagrant

· 01-08 15:55

Still stuck at 89,400, whether to break through or not is a matter of life and death.

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MoonWaterDroplets

· 01-08 15:40

Starting to bottom out again. Judging by this breakdown pattern, there's an 80% chance it will continue to test lower. If 89,400 can't hold, I'll admit defeat. MA20 is almost unable to hold up, and with RSI so low, what's the point of messing around? Weak consolidation is obvious to everyone, but the key is where that "even lower level" after the breakdown actually is. After such a long plateau, the bulls and bears should have already chosen sides. It's so annoying. Waiting for a clear signal. Entering now is purely a gamble.

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