Bitcoin Latest Market Analysis + Support and Resistance Levels Sharing!!! #BTC

📉 In-Depth Review: The Battle at the "Life and Death Line" After Dropping from 126k
Latest Market Qualitative:
Breakout Risk (30% Retracement Level): October high at 126,000, current at 89,100. This correction has lasted for 3 months. The 87,900 - 88,000 range is very likely to be a key support level at Fibonacci 0.382 or 0.5 for this wave of correction, or the concentrated chip area before the previous bull market started.
Intraday Bottom: After falling to 87,900 in the early session, it managed to recover above 89,000, indicating institutional buy-the-dip orders or short-term profit-taking cover orders below 88k. This "needle" temporarily confirms a short-term bottom, but the rebound strength (currently only up to 89k) remains weak.
Structural Resistance: The area above 90,000 - 92,000 has now become a heavy "trapped position resistance zone." Since the high point is 126k, there is a large accumulation of chips trying to buy the dip above 90k that are now buried.
1. Support and Resistance Levels (Recalculated)
Short-term Support (1-3 days, Intraday)
87,900: Intraday bottom. The lowest point this morning. If broken again, it means the resistance in the early session has failed, and panic may escalate.
86,500: Short-term strong support. If 87.9k fails, the price will inertially decline to find liquidity near the next integer level.
85,000: Psychological defense line. Buffer zone for extreme short-term market conditions.
Medium-term Support (1-2 weeks, Swing Structure)
82,000: Major neckline level. If 88k is effectively broken, according to wave theory from the 126k retracement, the C wave decline target may directly point here.
78,000: Bull market lifeline. The position of long-term moving averages (such as the 200-day moving average).
72,000: Support at the high point of the previous bull market (2021/2024 cycle), an absolute value valley.
Short-term Resistance (1-3 days, Rebound Pressure)
90,000 - 90,500: Immediate resistance (top-bottom conversion). The integer level broken yesterday, now the first "gate of death."
92,500: Strong resistance. The platform at the start of this week, and the limit for short-term rebounds.
95,000: The dividing line between bulls and bears. Only if it recovers here can the short-term decline be considered halted.
Medium-term Resistance (1-2 weeks, Trend Pressure)
100,000: Century-level barrier (psychological pressure). After dropping from 126k, the 100k mark has become a "ceiling" that is difficult for medium-term rebounds to surpass.
112,000: B-wave rebound high point. If a large-scale rebound occurs in the future, this is the position where major players may offload.
126,000: Historical high (ATH). The peak reached in October, very difficult to break through in the medium term.
2. Comprehensive Analysis and Best Entry Strategy
Overall View:
The current level at 89,100 is in a "medium-term oversold correction within a downtrend."
Bearish Logic (Dominant): The trend from 126k is bearish. The rebound highs are continuously decreasing (e.g., 100k -> 95k -> 92k). As long as the rebound does not surpass 92,500, the overall trend remains bearish.
Bullish Logic (Rebound): The bottoming and recovery from 87,900 is a signal, and RSI on the daily chart may show divergence at the bottom. Using 88k as a basis for a wave of daily rebound has a risk-reward ratio, but it is a "snap rebound," not a "bull market chase."