2026-01-16 03:22:50

Today, Bitcoin experienced a significant decline. The price has broken through the key level of 96,000 and continues to test lower. Currently, the focus is on whether 94,500 can provide effective support. If this level also fails to hold, the next line of defense to watch is 90,500.

From the short-term chart, it looks very likely that Bitcoin will undergo a retest. The key question is whether this wave of decline can be alleviated at the support level or if it will break through cleanly. The short position we established at 96,000 still has some profit. Although the gains are not particularly substantial yet, based on the current trend, it is still worth holding and observing how the pattern develops.

BTC-0.62%

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just_another_fish

· 3h ago

If you can't hold 94,500, then it's really time to play the heartbeat game. It feels like this wave is heading straight for 90,500.

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Ser_Liquidated

· 3h ago

If 94,500 can't hold, this time it will really drop back to 90,000... Let's see how it moves next --- Hold onto the short positions if there's still profit, anyway there's nothing urgent right now --- To find the bottom, it needs to break through several support levels; it's a bit annoying --- Breaking the 96,000 key level indicates that selling pressure is still quite strong --- Let's see if 90,500 can hold; if not, it will be really awkward --- This short-term pullback is unavoidable; the question is how deep it will go --- Keep holding the position, there's no other way anyway --- Support levels are collapsing one after another... feels a bit risky --- I predicted this decline a long time ago; just waiting to see how deep it will go --- The gains are not quite there yet, but the trend is indeed good

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HallucinationGrower

· 4h ago

96,000 has been broken but it's still holding on, impressive. --- If 94,500 can't hold either, I'll really laugh. --- Don't be greedy if there's still some profit on the short position. Quickly lock in gains. --- Can 90,500 hold after this drop? Feels a bit uncertain. --- Is it going to retest again? It's retesting every day. --- Damn, Bitcoin is causing trouble again. I'm really fed up. --- If the gains aren't impressive, don't talk about trends. Isn't it better to cut the position directly? --- It feels like breaking the support level is just a matter of time. Don't be too optimistic. --- Continue holding? Bro, your gambling spirit is a bit strong. --- If this line at 94,500 drops, I'll exit.

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rekt_but_not_broke

· 4h ago

If 94500 breaks, go all-in on the short position. This wave might turn things around.

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BottomMisser