From the daily Bitcoin chart perspective, this upward wave has already formed a complete structure. If a correction phase follows, it may develop into a retracement wave pattern, with smaller degree rebounds potentially included within the details. From a technical standpoint, the most critical support zone currently lies between 90700-91200, followed by key resistance levels at 89000, 86500, and 84500. However, from a larger trend perspective, the overall market remains bullish. Even if it follows this correction route, it is essentially a retracement wave within the primary upward trend and does not change the main direction.
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StablecoinGuardian
· 01-08 03:01
I'm keeping a close eye on the 90700-91200 resistance line. If it doesn't break, I'll keep accumulating.
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LightningAllInHero
· 01-08 03:01
The 90,700 resistance level must be held. If it breaks, then it depends on 89,000. Then, you can buy the dip.
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GweiTooHigh
· 01-08 03:00
You must hold this critical level between 90700-91200; otherwise, dropping straight to 89000 would be troublesome.
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WenMoon42
· 01-08 03:00
Holding the position at 90700 is truly stable; otherwise, there's no point in just dropping straight to 86500.
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AirdropFreedom
· 01-08 02:55
90700 can't hold? Just wait for the bottom to be picked up, there's no escaping the overall bullish trend.
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ForkPrince
· 01-08 02:43
90700 is really the key threshold; once broken, it needs to be thoroughly analyzed further.
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DaoResearcher
· 01-08 02:42
Based on empirical data from wave theory, this set of support levels actually overlooks key liquidity node analysis. I have to question the 90700-91200 range— from the perspective of token economics based on on-chain holdings distribution, the true defense line should be deeper. It’s worth noting that the assumptions of a bullish pattern are often overestimated; I’ve detailed the specific reasons on Twitter.
From the daily Bitcoin chart perspective, this upward wave has already formed a complete structure. If a correction phase follows, it may develop into a retracement wave pattern, with smaller degree rebounds potentially included within the details. From a technical standpoint, the most critical support zone currently lies between 90700-91200, followed by key resistance levels at 89000, 86500, and 84500. However, from a larger trend perspective, the overall market remains bullish. Even if it follows this correction route, it is essentially a retracement wave within the primary upward trend and does not change the main direction.