2026-01-08 05:30:11

January 8th, Thursday Bitcoin Technical Analysis

From the market trend, after breaking through the triangle consolidation zone, Bitcoin did not continue to accelerate upward. Instead, it quickly retreated to the previous consolidation boundary. This fully reflects the heavy selling pressure above, with the bulls' ability to withstand pressure significantly weakened, forcing a pullback.

In the short term, after a unilateral decline yesterday, it continued to test the lows this morning, repeatedly testing the previous key support. Overall, it is highly likely that the market will continue to consolidate and fluctuate in the future. The white session should see wide-range oscillations around this key support level.

Bitcoin Trading Strategy: Go long around 90500, 90000, with targets at 91800 and 93000.

Focus on coins: $BTC, $ETH, $SOL

BTC1,88%

ETH0,87%

SOL1,58%

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SigmaValidator

· 01-11 04:19

It's starting to fluctuate again; the selling pressure really can't be sustained.

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SerumDegen

· 01-10 23:12

yeah so basically bulls are getting absolutely suffocated here... triangle breakout turning into a dead cat bounce, typical market structure punishment. sellers really showing up with the heavy bag ngl 90k support is the line between "copium still alive" and full capitulation mode. watching those levels religiously rn because if we cascade through, cascade effects don't discriminate

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ProofOfNothing

· 01-09 12:04

With such heavy selling pressure and such weak bulls, you still want to push up? Laughing to death, just waiting for 90,000 to buy the dip.

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DegenWhisperer

· 01-08 06:00

It's the same old trick again. Breaking through is pointless; as soon as selling pressure hits, they back down...

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ProposalManiac

· 01-08 06:00

Triangle breakdown reverse test, I've seen this routine many times. The bullish pressure resistance weakens; to put it nicely. In reality, it just means there's no one to support the market. The mechanism itself has a problem. The support level from 90500 to 90000 needs to hold to be meaningful; otherwise, it's just another round of chopping the leeks.

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ShitcoinConnoisseur

· 01-08 05:59

It's starting to fluctuate again. This buying and selling really is a torment.

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OnchainFortuneTeller

· 01-08 05:59

The 90000 level is going to test the patience of the bulls again. It feels like we're going to see repeated friction here.

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LiquidityWitch

· 01-08 05:38

the sellers are literally casting hexes on this bounce... watched btc break out only to get shoved back into the triangle like clockwork. ngl feels like liquidity is brewing something darker below 90k rn

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