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【2026.1.9 Mainstream Coins Intraday Market Analysis】
Review of yesterday's judgment: As long as Bitcoin stays above the key support level of 89,300 on the pullback, the decline is a normal correction rather than a reversal. And what was the result? The market moved in all directions yesterday, with a precise dip near 89,240 in the evening followed by a quick rebound, confirming the stability of the support level once again.
Why is this level so critical? From a technical perspective, the 89,240 price range bears the main cost of the previous bullish positions and has been repeatedly confirmed as a strong support recently. If it holds, upward momentum will re-accumulate; if it breaks, a deeper correction may be imminent.
Besides Bitcoin, major coins like Ethereum, BNB, and SOL are also demonstrating similar technical patterns — short-term corrections cooled off, and daily support remains solid. The key is whether this rebound can break through the previous high-pressure levels.
Overall, the current market is in a technical correction rebound phase. Trading should strictly adhere to support level logic. Only if it breaks do we change our view; if it holds, we continue to follow the bullish outlook.