2026-01-21 03:23:26

Bitcoin's performance at the 88,200 level is worth paying attention to. From the hourly chart, the bearish forces continue to exert pressure, and the short-term rally faces resistance.

The technical outlook for Wednesday morning is as follows:

For Bitcoin, if it can stabilize around 88,500 to 88,900, there is a possibility of a rebound. However, if it cannot hold, focus should be on the 87,400 to 86,600 range below, especially the support near 87,400.

For Ethereum, the 2,960 to 2,990 zone is the current resistance area. A breakout would suggest further upside; if it cannot hold, then 2,910 to 2,870 will be critical support levels.

This is just a technical analysis perspective. The specific trading decisions should be based on your own risk tolerance. Market volatility is high, invest cautiously.

BTC-0,61%

ETH-1,38%

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ConsensusDissenter

· 01-21 03:51

88200 this level is indeed tense, but I am more optimistic about the possibility of pushing further down. It's the same set of support and resistance talk, really annoying. If you can't hold 87400, then a rebound at 88500 is pointless.

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MysteryBoxBuster

· 01-21 03:45

88200 this level is really a bit stuck, watching the bears press down, need to see if 88500 can hold Honestly, I'm a bit confused by this bunch of numbers, anyway, just betting it won't break 87400 ETH at 2960 looks like a ceiling, if it can't break through, I'll just run

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LightningAllInHero