2026-01-21 04:23:17

Bitcoin's recent decline is indeed tough. The support at 89k was stubborn and didn't hold, dropping all the way down to 87.7k, directly touching the lower edge of the daily channel.

Interestingly, the large buy orders stacked at 87.8k were all filled, indicating a lack of rebound momentum in the market right now. The decline that took so long to come has now reached a critical point.

From a left-side perspective, it might be appropriate to allocate some long positions to test the waters. If a rebound can occur, it would need to at least reach 92.5k to be somewhat promising.

BTC-2,87%

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tx_or_didn't_happen

· 8h ago

87.8k that pile of orders was instantly taken out, now the market sentiment is a bit scattered 92.5k is considered a rebound? Feels like we have to wait quite a while This drop was really fierce, it seems like we need to test the bottom again My goodness, not holding 89k was really a bit surprising, now the rebound is weak Trying to set up a bullish position? Sure, it depends on where the main force wants to push this time Lack of rebound momentum is really frustrating, large orders being eaten up is indeed a bit cold 92.5k is too far, let's see if we can stabilize above 87k first This round of decline really confused me, bullish positions are a bit too hot to handle Large buy orders were all eaten up... the market really isn't that simple 87.7k is a bit awkward to hold at this position

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PessimisticLayer

· 8h ago

87.7k is really an awkward level, with buy orders being completely eaten up. Without rebound momentum, it has to continue to dip further.

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FrogInTheWell

· 8h ago

87.8k buy orders were completely eaten up. How tragic is that? The rebound momentum is indeed gone. --- Honestly, at this position, being bullish requires caution. A rebound to 92.5k would be reasonable, but who dares to bet on the size of the pullback in between? --- If 89k can't hold, I just want to see how long 87.7k can support. If not, just drop it directly. --- The key level is stuck, and this is when mental resilience is tested the most. Those holding positions, take care of yourselves. --- Waiting so long for the decline to come suddenly, it feels like it hit the target before I even had time to react. The pace is ridiculously fast. --- All buy orders being eaten up shows one thing: no one dares to take over the position. That's the most heartbreaking part. --- 92.5k is only a rebound if it truly rebounds; otherwise, it's just a trick to cut the leeks.

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TradFiRefugee

· 8h ago

This time, 87.7k really hit me in the heart, and 92.5k is the break-even point. It feels like it's still a long way off.

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FUD_Vaccinated

· 8h ago

89k didn't hold, this time really hurts The drop came unexpectedly, a single buy order swallowed it all, the market really has no desire to rebound 87.7k is blocked here, I think the bulls need to gather enough strength to push back to 92.5k, otherwise it's just a false rebound --- Large buy orders at 87.8k were all eaten up, indicating that the bulls really have no strength left --- After waiting so long, the decline directly hit the lower edge of the daily line, all buy orders are compromised, it's hard for this rebound to get going --- Does 92.5k count as a rebound? How long do we have to wait, it feels like this side will consolidate for a long time --- The bulls are trying to test the waters here, anyway the support below is gone, let's see if it can rebound

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BuyTheTop

· 8h ago

87.7 when it was dry, I really couldn't hold on, the buy orders were completely eaten up --- After this wave, it still feels like there's a lack of strength; a rebound is the highlight --- 92.5k? That's a bit shaky, honestly, at this level, the bulls don't dare to be too aggressive --- If 89k doesn't hold, I knew something was going to happen. It's only uncomfortable now that we're stuck here --- Try a long position on the left side? Are you betting on a rebound or a reversal? Clarify before taking action --- The buy orders were swallowed in one go, outrageous, the market is really cold at times like this --- Rebound to 92.5 is considered decent? How long will that take? I can't wait --- This level is indeed a bit interesting, but I still want to watch a bit more

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