From this morning, Bitcoin encountered resistance around 91,600 and started to decline. The overall performance throughout the day was a slow downward trend, with some consolidation around 90,800, then a rally to 91,200 at midday, followed by continued weakness to around 89,700. Currently, on the daily chart, trading volume continues to shrink, and the candlesticks show a bearish (阴柱) pattern.
**Key Technical Levels**
Focus on the support level around 89,000 below. If this level cannot hold, further downside may be expected. On the four-hour chart, it’s clearer — with decreasing volume, a long lower shadow (阴柱) has formed. Resistance above is around 91,600, and further up, around 93,200, is also an important resistance level.
The hourly chart shows some interesting signals — after volume contraction, a double bullish (二连阳) appeared from the lower band rebound. In the short term, watch the area around 91,000.
**Evening Strategy**
The overall pattern remains a downward consolidation, and the trading approach continues to favor high-level short positions.
**Specific Trading Targets**
For Bitcoin, consider short positions around 90,800-91,300, with targets near 89,500-89,000.
For Ethereum, short positions around 3,110-3,135, with targets near 3,045-3,020.
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MEVictim
· 16h ago
What to do now that 89,000 has been broken? This short position feels a bit risky.
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RektButStillHere
· 01-09 11:52
It dropped again. If it can't hold 89,000, it's game over.
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AirdropHarvester
· 01-09 11:50
It's starting to dip again. Can the crucial support at 89,000 really hold? It feels like it might test it again.
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MetaverseLandlady
· 01-09 11:48
Once 89,000 is broken, you have to cut losses. This drop is really a bit annoying.
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JustHereForAirdrops
· 01-09 11:47
Keep falling and falling, if 89,000 can't hold, it's really going to break.
View OriginalReply0
DAOdreamer
· 01-09 11:38
If 89,000 doesn't break, I won't believe the bears have a chance. Where's the promised bottom?
**Friday Night Market Review**
From this morning, Bitcoin encountered resistance around 91,600 and started to decline. The overall performance throughout the day was a slow downward trend, with some consolidation around 90,800, then a rally to 91,200 at midday, followed by continued weakness to around 89,700. Currently, on the daily chart, trading volume continues to shrink, and the candlesticks show a bearish (阴柱) pattern.
**Key Technical Levels**
Focus on the support level around 89,000 below. If this level cannot hold, further downside may be expected. On the four-hour chart, it’s clearer — with decreasing volume, a long lower shadow (阴柱) has formed. Resistance above is around 91,600, and further up, around 93,200, is also an important resistance level.
The hourly chart shows some interesting signals — after volume contraction, a double bullish (二连阳) appeared from the lower band rebound. In the short term, watch the area around 91,000.
**Evening Strategy**
The overall pattern remains a downward consolidation, and the trading approach continues to favor high-level short positions.
**Specific Trading Targets**
For Bitcoin, consider short positions around 90,800-91,300, with targets near 89,500-89,000.
For Ethereum, short positions around 3,110-3,135, with targets near 3,045-3,020.