2026-01-09 09:21:16

Bitcoin's current price has already broken through the psychological barrier of 90,000. It is now testing whether the previous low of 89,311 can hold. From today's trend, the decline is accompanied by a moderate increase in trading volume, which directly reflects how much pressure those high-leverage long positions are facing.

There are several reasons to be short-term bearish. Once 89,311 is broken, there is basically no significant technical support below. At that point, stop-loss orders and forced liquidations could easily push the price even lower. Conversely, the resistance level above has moved up to around 90,700. If the price really rebounds to this level, it will depend on whether large funds are willing to follow in, which is the key to determining whether the price can stabilize afterward.

BTC0.13%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
9
Repost
Share

Comment

0/400

MidnightTrader

· 20h ago

89311 If you can't hold it, you really have to run. The crash will be fierce then. --- Is the leveraged liquidation wave coming? I’ve seen through this overvaluation for a while. --- The key still depends on how the big players act; retail investors guessing blindly is pointless. --- Without support below, it’s hard to say where the bottom is. --- If 90700 can't rebound, we're doomed. This time is really critical. --- Trading volume is gradually rising, indicating someone is selling off; there's no escaping. --- The bulls are about to be taught a lesson; serves them right. --- Wait for the rebound to sell; entering now means taking the hit.

View OriginalReply0

MEV_Whisperer

· 01-10 15:46

89311 Whether it breaks or not depends on these two hours. I want to see if the big players dare to support the market. If it breaks, just go eat dirt. Anyway, I’ve already gone all in on a short position. This wave of liquidation is coming. Bulls, wake up. 90700 cannot be held at all, with a quick rebound upon touch. The rising trading volume indicates that someone is really cutting losses. This is getting interesting.

View OriginalReply0

ZeroRushCaptain

· 01-09 09:50

89311 this defensive line... I bet large funds are now lining up downstairs to buy the dip. Our retail investors are still hesitating whether to chase the decline, a classic contrarian indicator. After breaking the level, it's impossible to buy the dip again, and it's another round of collective plunge. Remember this feeling, everyone. If large funds really can't keep up... our 90,000 yuan will be cut in half to the 7s. I bet five cents on that. 90700? Pfft, dream on. It can't rebound at all, or as soon as it goes up, it gets crushed back down. Anyway, our losing script has already been written. Even if the trading volume increases, it's useless. This is called despair volume. Wait a couple more days, and you'll understand.

View OriginalReply0

SchrodingerAirdrop

· 01-09 09:50

If 89311 breaks, we really need to be careful, blood will flow like a river then. Oh no, still tangled at 89311, why are the bulls so stubborn? Is a margin call wave coming? I need to check my stop-losses quickly. If the rebound goes back up past 90700, will big funds try to push it? That's the key point. Alright, anyway, I’m already short, the harder the fall, the happier I am. The phrase "moderate increase in trading volume" translates to "accelerating sell-offs," right? Wait, if 89311 really can't hold, where's the next support level? The bulls are being eaten alive, it’s painful just to watch. If big funds don’t follow in, that line at 90700 is dead, no rebound in sight. It’s the same old story—resistance and support levels. To put it nicely, it’s just a gamble on probabilities.

View OriginalReply0

DeFiVeteran

· 01-09 09:42

89311 if we can't hold it, we'll have to face bloodshed. This wave of selling feels a bit harsh. --- Brothers using high leverage are probably going to get liquidated again, same familiar recipe. --- Rebound to 90700, and big funds are not moving? That means we still need to continue testing lower. --- I just want to know if there's still a bottom below. If it keeps dropping like this, my mentality will collapse. --- A gentle increase in trading volume is a signal of chopping the market, don’t ask me how I know. --- The key is whether big funds are willing to rescue the market, otherwise it’s really over. --- After breaking 89311, I really don’t dare to look at the charts anymore, it’s too heartbreaking. --- This wave down, it seems like everyone who was bearish has won, but I’m stuck in a deadlock.

View OriginalReply0

Hash_Bandit

· 01-09 09:40

ngl the leverage cascade is exactly what we've seen before during difficulty epochs... those forced liquidations are brutal. 89311 breaks and it's basically freefall territory imo

Reply0

NFT_Therapy_Group

· 01-09 09:34

Oh my, another wave of leveraged liquidations. These people really should learn their lesson. If 89311 can't hold either, just wait and see the stampede show. Will large investors still buy in at 90700? I doubt it. People already lining up to cut losses. After this drop, someone will be crying again. Leverage is truly the noose for the poor. Breaking the 90000 psychological barrier means it's broken, and then it depends on how the technicals move. After the breakdown, there's massive panic, with stop-loss orders being triggered one after another. The key still depends on when big funds will step in. Without their support, how can the market hold?

View OriginalReply0

GasOptimizer

· 01-09 09:32

Damn, it's the same old story. Every time they talk about psychological defenses, but in the end, they just break through. Leverage traders are really going to blow up this time, serves them right. If 89311 can't hold, there's truly no hope, and a tragedy will unfold. Let's wait for the big funds to make a statement, otherwise the rebound is pointless.

View OriginalReply0