Bitcoin's price action at the beginning of the year tests every trader's psychology. On January 9th, the key level for Bitcoin's price was put to the test.

If you're looking for a bottoming rebound opportunity, watch whether the price can break through the 90395 level on the 1-hour chart. This doesn't mean a quick push through is enough; the candle needs to close firmly above this level to confirm support, otherwise it could be pulled back down. Once an effective breakout is confirmed, the first target is 91470 (the previous high resistance). If luck is on your side and the price continues to rise, the extension resistance at 92600 also comes into view. Risk management cannot be relaxed; set the stop-loss below 90300 to clearly define the exit point for false breakouts.

Conversely, there are also short opportunities. If the price breaks below the 89625 support level on the 1-hour chart and fails to recover this level on a rebound, consider chasing the short. The first target is set at 89220 (a recent secondary support). If selling pressure continues, the 4-hour structural support at 87060 becomes the last line of defense. Place the stop-loss for short positions above 89700 or above the highest point of the rebound to effectively control individual trade risk exposure.

For assets like Bitcoin, which are highly volatile, the pace is fast and risks are high. Buckle up and ensure each trade has a clear entry and exit logic—that's the way to survive long-term.