2026-01-08 03:34:35

The performance of Bitcoin over the past two days has indeed been a bit nerve-wracking. Starting from January 7th, this correction has been quite fierce — the price directly broke through the key support level of $92,155, with a decline of over 1.6% at one point.

By the morning of the 8th, the downward trend showed no signs of stopping. The price continued to dip to around $90,675, with a 24-hour decline expanding to approximately 2.5%. The current trading price is barely holding above $91,000, but this trend has certainly made market sentiment a bit cautious.

From a trading perspective, this adjustment is mainly due to some investors taking profits after the previous gains. More importantly, there is some hesitation about whether the subsequent rebound can continue. The technical outlook also issued a warning: since the short-term support at $92,155 has been broken, the downside risk is now very real. The market now needs to see some new support levels to regain confidence.

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InfraVibes

· 13h ago

Once again, a pullback. This time it's really tough, did it really break 92k? Dumping is just dumping, anyway I'm used to it haha. The key now is whether we can hold onto 90k after this drop.

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WhaleWatcher

· 01-09 05:21

Here it comes again, I knew this wave would come. Why did it drop again? Just wipe it out. Once 92k breaks, we’ll have to see if 90k can hold, or it will get even more awkward below. It feels like the daily routine in the crypto world—it's terrifying when it rises, and terrifying when it falls. In the short term, the bears are indeed in the lead; we need new buying power to come in.

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SpeakWithHatOn

· 01-08 16:30

Here it comes again, every time it's the same. It rises to a certain point and then starts to crash. Boring. ---- If 92155 breaks, why does it still need to keep falling? Isn't losing support levels scary? ---- There are really many people taking profits. Can't I just earn a couple more days? ---- Can this bottom at 90675 hold? It feels like it still needs to go lower. ---- If the market has no confidence, I have even less. Can I still buy the dip now? ---- This wave of correction is really intense. The coins in my hand are trembling. ---- Waiting for new support levels? Could it be even harder to wait? ---- The coin price is hovering around 91000. Not even the median can stand firm, it's really uncomfortable.

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gas_fee_therapy

· 01-08 04:04

Down again and again, this time it really pulled up Hey, wait a minute, if 92k broke, why are you still bottom fishing? Stay calm, there might still be traps below I'm truly impressed by the group that takes profits It's good enough to stay steady around 90k, don't be greedy

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DefiEngineerJack

· 01-08 04:02

well actually™ if you look at the order flow dynamics here, 92k wasn't even a "real" support—just where the algo bots happened to cluster liquidity. fundamentally speaking, this dip is non-trivial validation of our thesis on profit-taking cycles. empirically, we'll see true capitulation around 88-89k range imho

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BTCWaveRider

· 01-08 03:58

Here we go again. After a hard-earned rally, it starts to crash. Same old story. --- 92155 didn't hold, feels like it's going back down to 89000... --- That's why I said don't go all-in. How many people are trapped now? --- No rebound at all, still depends on what the Federal Reserve says. --- Support is gone, there's no bottom below. --- Realized gains? Feels like someone is dumping... --- 90675, what kind of support is that? It was broken with a single wave. --- Let's wait and see. Can it bounce back this time? --- Market sentiment is cautious? That means it will keep falling. --- It feels like we're going to be in a range for a while. Don't rush to buy.

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RugPullProphet

· 01-08 03:56

Again and again, the pullback has happened. This time, I'm really panicking. What are we afraid of if the support is broken? --- We didn't hold 92k, which is a bit shaky. Now it depends on whether there's a new support level. --- Always shouting for a rebound, but isn't it just crashing down all the way? Are they really just fooling the retail investors? --- I understand taking profits, but the problem is that the rebound's sustainability is too poor. That's just ridiculous. --- A 2.5% drop isn't a big deal, but I'm worried that after breaking 90k, no one will step in to buy. --- If the support level breaks again and again, I don't know who to trust anymore. Better to hold steady with what I have.

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GraphGuru

· 01-08 03:40

Here it comes again. This wave of correction is indeed fierce, but I see a bit of opportunity. With the short-term technicals so bad, some people are actually buying the dip. What about you? If 92k breaks, it breaks. The key is whether 90k can hold, otherwise it will really continue to fall. Honestly, I'm more concerned about how long the rebound can last. This kind of fluctuation is really annoying. Let's wait and see if there is new support; otherwise, this position still requires caution.

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