Yesterday's long position stop-loss couldn't be avoided, but the position has already been reallocated at a low level.
The most critical question now is—can we hold through today? In the short term, the rebound logic is still valid, and the fundamentals have not changed; it's just that this wave of correction has indeed exceeded expectations.
On the technical side, Bitcoin directly retested the central pivot level on the daily chart and also touched the MA20 moving average. The importance of these two support points is self-evident. At the current pace, the correction has already been quite deep, and the adjustment space has been fully released.
The clear short-term support level is in the region of over 90,000. Whether it can stabilize here will directly determine the strength of the subsequent rebound. Ethereum's trend is also worth watching, as it often follows Bitcoin's rhythm.
Overall, although the correction exceeded expectations, the daily chart structure indicates that the adjustment has been completed. The next step is to see whether a strong rebound can occur.
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GasFeeSobber
· 15h ago
Are you positioning at a low level? Sister, me too. Just see if 9 can hold or not, otherwise I’ll have to cut my losses again.
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BlockchainGriller
· 23h ago
90000 is not just an ordinary key level; once broken, you have to keep pushing downward.
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CoffeeNFTs
· 01-09 02:00
If 90,000 can hold steady, there's hope; otherwise, it will continue to take hits.
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GasFeeVictim
· 01-09 01:54
If it can stay above 90,000, it's profitable; otherwise, you'll have to cut losses again.
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UncommonNPC
· 01-09 01:43
Whether 90,000 can hold is the real question; if it breaks, you'll have to wait for the next support.
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AirdropDreamBreaker
· 01-09 01:42
Can the key level at 90,000 hold? It feels a bit uncertain.
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SnapshotLaborer
· 01-09 01:35
The low position has been caught, now it's just a matter of whether we can hold 90,000. To be honest, this wave was a bit aggressive, but the bottom structure is still clear.
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LootboxPhobia
· 01-09 01:31
If 90,000 can hold steady, we can turn things around; if not, we'll just keep buying the dip.
Yesterday's long position stop-loss couldn't be avoided, but the position has already been reallocated at a low level.
The most critical question now is—can we hold through today? In the short term, the rebound logic is still valid, and the fundamentals have not changed; it's just that this wave of correction has indeed exceeded expectations.
On the technical side, Bitcoin directly retested the central pivot level on the daily chart and also touched the MA20 moving average. The importance of these two support points is self-evident. At the current pace, the correction has already been quite deep, and the adjustment space has been fully released.
The clear short-term support level is in the region of over 90,000. Whether it can stabilize here will directly determine the strength of the subsequent rebound. Ethereum's trend is also worth watching, as it often follows Bitcoin's rhythm.
Overall, although the correction exceeded expectations, the daily chart structure indicates that the adjustment has been completed. The next step is to see whether a strong rebound can occur.