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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AirdropHarvestervip
· 01-11 20:41
89200, this critical level must really be held. If it breaks, it will be troublesome.
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DarkPoolWatchervip
· 01-11 18:59
How long can this key support level at 89200 hold? I'm a bit lacking confidence.
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ZeroRushCaptainvip
· 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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TradFiRefugeevip
· 01-09 02:53
The bears haven't taken control yet; this rebound is quite interesting.
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ser_we_are_earlyvip
· 01-09 02:50
Whether 89200 breaks or not is the key; everything else is just empty talk.
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RektButStillHerevip
· 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
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