2026-01-08 05:21:53

Bitcoin has been fluctuating at high levels over the past couple of days, dropping to around 90,635 in the morning to find support, then rebounding somewhat. It is now hovering above 91,300, with a 24-hour decline of approximately 2.22%.

To be honest, after a wave of gains at the start of the new year, those who took profits have already done so. This correction is actually quite normal. The 92,000 level has now become a psychological resistance, with many large orders stuck there, making it quite unlikely to break through in the short term. On the other hand, there are quite a few bottom-fishers waiting around 90,600, giving the market some buffer.

Long-term institutional bullish logic remains unchanged, but the market's focus has shifted to upcoming CPI and non-farm payroll data—these economic indicators often trigger chain reactions. So, the key in the near term is whether these support levels can hold. If 90,600 gives way, the situation could become more complicated.

BTC-0,8%

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TestnetNomad

· 20h ago

It should have been adjusted earlier, otherwise how to shake out the market --- 92000 is really tough, we need to wait for the data to see the direction --- Once 90600 is broken, be cautious, but the group bottom-fishing below has already laid out the net --- As long as institutions remain bullish, I won't panic. The long-term logic hasn't changed --- This wave of rise during the New Year was indeed fierce. Now, the oscillation is normal, it’s a phase of accumulation --- The CPI release might set the tone; let's observe for now over the next couple of days --- Basically, it's a repeated pattern between 92000 and 90600. Whoever breaks first wins --- There are too many profit-taking positions, no wonder the pressure is so high --- If the support level can hold, continue; if not, a deeper correction may be needed --- It feels like this adjustment is a correction for the sharp rise during the New Year, which is very reasonable

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PanicSeller69

· 01-08 05:52

It’s really frustrating that 92,000 can’t be broken through, feels like it will stay sideways forever --- All the bottom-fishers are waiting at 90,600, just see how long this support line can hold --- Honestly, it still depends on the CPI data; if economic data shows problems, all our efforts are in vain --- Institutions are bullish, but what about us retail investors? We still have to follow market sentiment fluctuations --- The New Year’s surge was so fierce, it was about time for a correction. Now, a two-point drop feels like the sky is falling --- Is 90,600 really the last bottom? I feel like it might go even lower --- Too many profit-taking orders. Want to break 92,000? Dream on. Short-term hope is nowhere in sight

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AirdropFreedom

· 01-08 05:50

92000 is really stuck, institutions also have to patiently wait for the data --- Once again profit-taking traders are fleeing, are they finally giving up? --- If 90600 doesn't break, there's still hope; breaking it would be troublesome --- When CPI data comes out, you'll know who is truly bullish --- Repeated fluctuations are annoying, might as well just break through directly --- The lower buffer zone indeed provides a sense of security, at least it won't be a waterfall --- No change in institutional attitude? Then just keep sitting tight --- Breaking 92000 is the real deal; right now, it's just bickering --- Can the non-farm payroll data save the day this time? It's a bit uncertain

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ChainMaskedRider

· 01-08 05:50

The 92,000 level is holding firm; we need to wait for economic data to give a signal.

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GasFeeNightmare

· 01-08 05:48

92,000 got stuck, institutions are still pretending to stay calm --- Time to look at the non-farm data again. Once this data is out, everything else is pointless --- Breaking 90,600 would really cause panic. Currently, there's still a bottom --- Basically, it's a lack of upward momentum, too many profit-taking positions --- Why are institutions bullish? They're just following the data --- Repeated fluctuations are annoying. If I had known, I wouldn't be watching the market --- Buyers are waiting at 90,600. This is a key point of contention --- The 2.22% correction is nothing, just a normal recovery --- The pressure is too high; it can't go up in the short term

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BagHolderTillRetire

· 01-08 05:43

This level at 92,000 is really tough, with big orders piling up and blocking the way. Honestly, bottom-fishers are just camping around 90,600, waiting to see who blinks first. CPI data is the real excitement; when it comes out, don't say I didn't warn you. Institutions have been long-term bullish, but as soon as this data is released, everyone will have to dodge. I bet 90,600 can hold... but I'll be out in half an hour, haha.

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UnluckyMiner

· 01-08 05:40

92000 is indeed a tough level; it seems like the big players are just holding air here. Institutions are bullish, but we still have to watch the CPI. Is it going to break below 90600 again? My mining costs are going up again. Those who are profiting have already run, what about us who are left holding the bag? Let's wait for the CPI; anyway, we can't run away.

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