The recent market trend indeed continues the previous correction pattern. Bitcoin continues to test downward today, breaking the 91,000 level, and it seems that the tug-of-war will intensify further.



From the four-hour chart, after the price broke below the midline, it formed four consecutive bearish candles testing downward. The lower shadows are quite long, but it still hasn't found strong support below 91,000. The MACD remains in a bearish dominance, and the Bollinger Bands show signs of widening. This indicates that if this support level is broken again, the price may continue to decline further.

Looking at the one-hour chart, although the price rebounded around 90,000, this rebound is actually a correction, with the price oscillating around 90,000. The previous upward momentum has basically been absorbed by this downward move. The one-hour MACD histogram continues to weaken, so in the short term, this support level is unlikely to break.

Therefore, the recent strategy is to consider rebound trading with caution for short positions. You might consider shorting around 91,200 with a stop-loss at 90,000; for Ethereum, short around 3,150 with a stop-loss at 3,000. The rebound strength at these levels is limited, making the risk relatively more controllable.
BTC-0.17%
ETH-0.73%
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FreeMintervip
· 01-08 05:50
91,000 broke again, and there's another wave down, really exhausting. Short positions around 990,000 are indeed stable, betting on limited rebound strength. Retail investors are about to get cut again, used to it. This round of decline feels like it's not over yet, depends on whether 90,000 can hold. The bears are too fierce, rebounds lack strength, definitely should go short.
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BlockchainFoodievip
· 01-08 05:50
okay so this reminds me of a badly executed farm-to-fork supply chain... like you set expectations high at 91k but the ingredients keep spoiling before they reach the market lol. the real question is whether btc's support structure can pass a basic food safety audit at 90k or if we're heading full rug pull into the freezer section 🥶
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LiquidatedAgainvip
· 01-08 05:36
Here we go again with the psychological battle between bottom-fishing and shorting... Looking at this trend, it feels like 90,000 is the real slaughterhouse. Setting stop-losses at round numbers for short positions—are they really daring? I just don't believe there won't be a dump attempt to wipe out the bulls.
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consensus_whisperervip
· 01-08 05:33
Even breaking 91,000 didn't hold, so we still need to keep probing lower from here.
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GasFeeGazervip
· 01-08 05:24
91,000 broke, just broke, anyway it's been empty for a long time, what are you waiting for?
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