2026-01-08 13:23:29

Bitcoin daily chart shows a continuous downward trend, with selling momentum clearly releasing. The price has already retested near the middle band of the Bollinger Bands, and the key support level at 89,000 appears particularly fragile.

From the daily structure, it is currently in a clear box consolidation phase. Once 89,000 is effectively broken below, lacking strong support below, 85,000 as the bottom of the box will likely become the target. This area warrants close attention in the short term.

Ethereum is also under pressure, with its movement highly correlated with Bitcoin.

**Trading ideas for reference:**

For BTC, consider short positions in the 90500-90800 range, with the first target looking towards the 89000-87000 range.

For ETH, enter short positions in the 3120-3160 range, with support levels at 3080, 3000, and even 2950.

Currently, market liquidity is relatively ample, and large sell pressure can easily trigger chain reactions. Risk management should be prioritized; setting proper stop-loss levels is the foundation for long-term profitability.

BTC0,58%

ETH1,3%

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ShibaMillionairen't

· 01-11 10:45

Is 89,000 really going to break? Are we about to get cut again...

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MoneyBurnerSociety

· 01-11 05:02

Once it breaks 89,000, I have to run, or else I'll have to pay tuition to the exchange again.

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WhaleMinion

· 01-08 18:23

Breaking or not breaking the 89,000 level is really crucial. It feels like the main force is testing the false and real.

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ApeWithNoChain

· 01-08 13:53

If it can't break through 89,000 again, it should rebound now. The bearish sentiment is a bit excessive.

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BetterLuckyThanSmart

· 01-08 13:51

89,000 broke, really need to see 85,000. This wave of short positions should be set up early.

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AirdropHunterKing

· 01-08 13:45

89000 is really a fragile barrier. A month ago, I was testing the waters here repeatedly, and now I see I need to be careful. Last time, I didn't hold the 85000 level and almost got trapped... If this time it breaks through 89000, I need to run quickly. Have you set your stop-loss, brother?

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MetaverseMortgage

· 01-08 13:44

89,000 break or not is a hurdle, I bet it can't hold --- Again, a short position setup. Can it really reach 85,000 this time? --- Sufficient liquidity... sounds like a sell-off is coming --- ETH is falling along with BTC. When will it have its own ideas? --- Stop-loss is truly a life-saving tool. Many people have fallen here --- Entering a short at 90,500? Seems like we should wait for confirmation of the bottom first --- Range-bound oscillation, in simple terms, is just messing with people's psychology --- Is 85,000 a real support or just an illusion? It all depends on how the funds play out --- In this market, when big players sell off, retail investors get immediately cut, it's outrageous --- The 3000 level feels like a psychological price point. A rebound or something else could happen at any time

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DataBartender

· 01-08 13:43

Breaking 89,000 really means looking at 85,000. This wave of decline is quite fierce... Short positions are already set up, praying that stop-loss won't be swept away.

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PancakeFlippa

· 01-08 13:23

Once 89,000 breaks, it's time to buy the dip. This wave feels like it could hit 85,000 without issue.

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