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January 8th, Thursday Bitcoin Technical Analysis
From the market trend, after breaking through the triangle consolidation zone, Bitcoin did not continue to accelerate upward. Instead, it quickly retreated to the previous consolidation boundary. This fully reflects the heavy selling pressure above, with the bulls' ability to withstand pressure significantly weakened, forcing a pullback.
In the short term, after a unilateral decline yesterday, it continued to test the lows this morning, repeatedly testing the previous key support. Overall, it is highly likely that the market will continue to consolidate and fluctuate in the future. The white session should see wide-range oscillations around this key support level.
Bitcoin Trading Strategy: Go long around 90500, 90000, with targets at 91800 and 93000.
Focus on coins: $BTC, $ETH, $SOL