Review of Yesterday's Assessment: As long as Bitcoin retraces without breaking through the key support at 89300, the decline belongs to normal pullback rather than reversal. And what happened? Yesterday saw selling pressure throughout the day, with a precise dip to around 89240 in the evening followed by a quick rebound, further validating the stability of the support level.
Why is this price point so critical? From a technical perspective, the 89240 price zone carries the primary cost basis of the earlier bulls and is a strong support that has been repeatedly confirmed recently. Once held, upward momentum will re-accumulate; once broken, it may face deeper corrections.
Beyond Bitcoin, mainstream coins like Ethereum, BNB, and SOL are all displaying similar technical patterns—small timeframe pullbacks meeting resistance, with solid support at the daily level. The key is whether this rebound can break through the resistance at the previous highs.
Overall, the current market is in a rebound phase within technical consolidation. Operationally, we still need to strictly adhere to support level logic. Only change our view if it breaks; if it holds, continue following the bullish bias.
【2026.1.9 Mainstream Coin Daily Market Analysis】
Review of Yesterday's Assessment: As long as Bitcoin retraces without breaking through the key support at 89300, the decline belongs to normal pullback rather than reversal. And what happened? Yesterday saw selling pressure throughout the day, with a precise dip to around 89240 in the evening followed by a quick rebound, further validating the stability of the support level.
Why is this price point so critical? From a technical perspective, the 89240 price zone carries the primary cost basis of the earlier bulls and is a strong support that has been repeatedly confirmed recently. Once held, upward momentum will re-accumulate; once broken, it may face deeper corrections.
Beyond Bitcoin, mainstream coins like Ethereum, BNB, and SOL are all displaying similar technical patterns—small timeframe pullbacks meeting resistance, with solid support at the daily level. The key is whether this rebound can break through the resistance at the previous highs.
Overall, the current market is in a rebound phase within technical consolidation. Operationally, we still need to strictly adhere to support level logic. Only change our view if it breaks; if it holds, continue following the bullish bias.