The daily chart is once again at a point worth studying!



From a pattern perspective, the overall trend still shows a decline from the 12.6 historical high.
Below, a key support zone has formed around 8.4—8.5.
Currently, we cannot confirm whether this area is the bottom.
However, after nearly a month of consolidation, the daily chart indeed shows signs of bottoming out.

With today's morning rebound and surge, the upper part of the daily chart is testing the downward trendline resistance again.
This position coincides with the recent critical 90,000 level that could determine whether the bulls can initiate a short-term rally.

Currently, the daily triangle structure is compressing again.
If the 90,000 level can be successfully broken and stabilized,
a short-term rebound to 9.4—9.5 is highly likely.
Depending on the breakout situation in this zone, the target could be extended to 9.8—10K.

If the strong support at 8.4 is broken,
the price could further decline towards 8,000,
possibly triggering a new round of waterfall decline!
BTC-0,4%
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浴火重生cccvip
· 19h ago
Experienced driver, guide me 📈
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DAMAGEDvip
· 20h ago
Christmas Bull Run! 🐂
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SteveWenvip
· 21h ago
Experienced driver, guide me 📈
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