#密码资产动态追踪 Friday, Bitcoin and Ethereum evening session trend observation
Today’s market pace was slow, showing a overall pattern of oscillating downward. In the morning, prices surged to around 91,600, then started to retrace, falling to around 90,800. In the afternoon, there was another round of oscillation around 91,200, and finally closed back at 89,700. The extent of this retracement is basically in line with my previous judgment (around 90,000).
Currently, on the daily chart, it’s clear that the bulls are shrinking in volume, and the price is gradually grinding downward. The 89,000 level is very critical, and we need to watch whether it can hold. On the 4-hour chart, the bearish momentum is also waning, with some long lower shadows on the candlesticks, indicating selling pressure around 91,600 is quite evident.
$BTC Bearish below 90,800 down to 89,000 $ETH Bearish above 3,120 down to 3,000
There are still opportunities for volatility in this retracement wave, and the follow-up depends on whether the rebound can break through the previous resistance.
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OnchainHolmes
· 01-09 12:27
If 89,000 really can't hold, where's the next bottom? Feels like this wave is really tough.
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SilentObserver
· 01-09 12:21
If this critical level at 89,000 really can't hold, there's no support below... gotta keep a close watch.
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TokenomicsTrapper
· 01-09 12:11
ngl 89k looking sus rn... actually if you read the on-chain data from last week's vesting dump, this whole "textbook support hold" narrative is exactly what precedes liquidation cascades lmao. called this pattern back in november btw
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LightningAllInHero
· 01-09 12:07
89000 is really the key level that must be held, otherwise there will be more chaos below.
#密码资产动态追踪 Friday, Bitcoin and Ethereum evening session trend observation
Today’s market pace was slow, showing a overall pattern of oscillating downward. In the morning, prices surged to around 91,600, then started to retrace, falling to around 90,800. In the afternoon, there was another round of oscillation around 91,200, and finally closed back at 89,700. The extent of this retracement is basically in line with my previous judgment (around 90,000).
Currently, on the daily chart, it’s clear that the bulls are shrinking in volume, and the price is gradually grinding downward. The 89,000 level is very critical, and we need to watch whether it can hold. On the 4-hour chart, the bearish momentum is also waning, with some long lower shadows on the candlesticks, indicating selling pressure around 91,600 is quite evident.
$BTC Bearish below 90,800 down to 89,000
$ETH Bearish above 3,120 down to 3,000
There are still opportunities for volatility in this retracement wave, and the follow-up depends on whether the rebound can break through the previous resistance.