Based on recent trends, this correction is actually a normal adjustment phase, building strength for the subsequent rally.



Let's first look at Bitcoin's situation. It is developing as expected, having already dropped to around 90,600. The initial support level has been touched, but judging from the overall rhythm, the correction may not be fully completed yet. The 90,000 level might still face another test, and in the short term, it could even be broken.

If the decline continues, focus should be on the 88,000 to 89,000 range. This area is very critical; whether it can hold and attract buying will directly impact whether the price can rebound and push towards the target zone of 96,000 to 100,000.

Ethereum's performance is relatively steadier. Although it is also correcting, the decline isn't as severe as expected. The short-term support at 3,160 has already been broken. Based on yesterday's analysis, the price is likely to continue downward to the 3,030 to 3,060 range to find support.

From an overall strategic perspective, the 3,000 to 3,100 range remains a relatively ideal entry point. If the correction reaches this level, traders can consider entering in batches without overthinking.

Remember one thing — market volatility always exists. Position management must be in place, and close attention should be paid to the volume-price relationship and whether support levels are truly holding.
BTC-0,67%
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BoredWatchervip
· 01-08 06:56
Oh no, I'm waiting at the 88,000 level again... I got stuck here last time. Can I just pass through this time?
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MemeTokenGeniusvip
· 01-08 06:47
That 88,000 hurdle must be held steady, or else it really gets nerve-wracking.
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VitaliksTwinvip
· 01-08 06:42
The real test is the 88,000 hurdle; if you can't stand firm, you'll explode directly.
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ChainSpyvip
· 01-08 06:28
88,000-89,000 is really the key. If it can't hold, it will continue to fall. The current correction is more intense than expected.
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