Bitcoin's recent movements have given us several signals. The dip last week to a low of 89,200 was quickly pulled back, indicating that the medium-term support strength is still there — in other words, the bears haven't gained absolute control.
From the daily chart perspective, as long as the 89,200 support level is not broken, the high-level consolidation pattern will continue. The real turning point is above 93,200 — only when the daily chart reclaims this level can we confirm a bullish trend.
Based on this logic, there is a short-term bearish trading idea. The entry zone is set between 91,200 and 92,200, with a stop-loss at 92,500. As for take-profit, it will be phased — first targeting the 90,000-89,200 range, then aiming for 88,000 as the main target. In the worst case, if the price breaks below 89,200, be prepared for a retest around 88,000 (where a gap still exists), and possibly a deeper dip to 84,000.
For entries, flexibility is recommended; there's no need to chase perfect levels. A fluctuation of 50-100 points up or down is normal. It’s advisable to build positions in two parts to control risk and avoid missing opportunities.
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AirdropHarvester
· 01-11 20:41
89200, this critical level must really be held. If it breaks, it will be troublesome.
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DarkPoolWatcher
· 01-11 18:59
How long can this key support level at 89200 hold? I'm a bit lacking confidence.
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ZeroRushCaptain
· 01-09 02:57
It's that crucial level at 89,200 again. Haven't the bears won yet? Why do I feel like I'm the contrarian indicator? When I look bearish, it rises; when I look bullish, it gets cut in half.
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TradFiRefugee
· 01-09 02:53
The bears haven't taken control yet; this rebound is quite interesting.
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ser_we_are_early
· 01-09 02:50
Whether 89200 breaks or not is the key; everything else is just empty talk.
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RektButStillHere
· 01-09 02:40
89200 this critical level really held, the bears haven't fully taken control yet, feels like there's still hope ahead
Bitcoin's recent movements have given us several signals. The dip last week to a low of 89,200 was quickly pulled back, indicating that the medium-term support strength is still there — in other words, the bears haven't gained absolute control.
From the daily chart perspective, as long as the 89,200 support level is not broken, the high-level consolidation pattern will continue. The real turning point is above 93,200 — only when the daily chart reclaims this level can we confirm a bullish trend.
Based on this logic, there is a short-term bearish trading idea. The entry zone is set between 91,200 and 92,200, with a stop-loss at 92,500. As for take-profit, it will be phased — first targeting the 90,000-89,200 range, then aiming for 88,000 as the main target. In the worst case, if the price breaks below 89,200, be prepared for a retest around 88,000 (where a gap still exists), and possibly a deeper dip to 84,000.
For entries, flexibility is recommended; there's no need to chase perfect levels. A fluctuation of 50-100 points up or down is normal. It’s advisable to build positions in two parts to control risk and avoid missing opportunities.