At the point in time on January 21, the key to Bitcoin's trend lies in two levels.
Above, there is a heavily congested resistance zone extending from $92,388 to the $95,000 range. If there is a rebound and surge tomorrow, this will be a golden exit point for taking profits. Don't wait, don't hold onto the idea of earning more—if it's time to run, just run.
Below, the defense line is at $88,500. This is the last bottom line for the bulls and also the super trend line. Currently, Bitcoin is around $90,100. If tomorrow's close drops below $88,500, it will be a big deal—meaning the short-term bullish trend may have already reversed into a bearish one, and it could accelerate the decline to test the psychological level of $80,000.
Therefore, these 24 hours are a clear watershed for BTC: above, there is a pressure zone as a reference for taking profits; below, there is a support line as a red line for stop-loss. Whether the trend can continue upward depends on these two key levels.
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.
7 Likes
Reward
7
4
Repost
Share
Comment
0/400
StablecoinAnxiety
· 01-20 18:18
Once it breaks below 88,500, it will directly go to 80,000. I've heard this saying too many times. But what happened? It rebounded, rebounded, rebounded. Those who cut losses all regret it.
View OriginalReply0
GhostWalletSleuth
· 01-20 17:47
Once 88,500 is broken, you have to run. Don't be greedy.
View OriginalReply0
Anon4461
· 01-20 17:38
Breaking 88,500 means it's game over; this time it's truly a life-or-death line.
View OriginalReply0
BuyHighSellLow
· 01-20 17:25
Once 88,500 is broken, it's really a complete game over.
At the point in time on January 21, the key to Bitcoin's trend lies in two levels.
Above, there is a heavily congested resistance zone extending from $92,388 to the $95,000 range. If there is a rebound and surge tomorrow, this will be a golden exit point for taking profits. Don't wait, don't hold onto the idea of earning more—if it's time to run, just run.
Below, the defense line is at $88,500. This is the last bottom line for the bulls and also the super trend line. Currently, Bitcoin is around $90,100. If tomorrow's close drops below $88,500, it will be a big deal—meaning the short-term bullish trend may have already reversed into a bearish one, and it could accelerate the decline to test the psychological level of $80,000.
Therefore, these 24 hours are a clear watershed for BTC: above, there is a pressure zone as a reference for taking profits; below, there is a support line as a red line for stop-loss. Whether the trend can continue upward depends on these two key levels.