2026-01-06 01:27:18

BTC currently sits at a pivotal technical juncture—price action has touched the wave-(3) peak and hit the 1.38 Fibonacci extension level. This setup suggests wave-(4) correction could be initiating toward the downside. Watch the support zone anchored between $90,874 and $92,915 closely. A break below this range would confirm the corrective phase, while holding it keeps the larger uptrend structure intact. Traders should monitor these levels for potential entry and exit signals in the coming sessions.

BTC0,35%

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.

24 Likes

Reward
24
7
Repost
Share

Comment

0/400

MysteryBoxOpener

· 01-08 10:09

Can this support at 90874-92915 really hold? It feels like it might break at any moment.

View OriginalReply0

AirdropChaser

· 01-08 09:01

Can that line at 90874 hold? It feels a bit uncertain.

View OriginalReply0

ParanoiaKing

· 01-06 01:50

It's the wave theory again, and Fibonacci once more, feels like I can always hit the right levels every time.

View OriginalReply0

RektButStillHere

· 01-06 01:49

Whether to firmly hold the support between 90874 and 92915 or not, really shows how it will move afterward.

View OriginalReply0

ShibaSunglasses

· 01-06 01:38

If that support at 90874 breaks, we really need to be careful.

View OriginalReply0

DataOnlooker

· 01-06 01:37

Can that line at 90874 really hold? It feels a bit uncertain.

View OriginalReply0

BankruptcyArtist

· 01-06 01:29

It's time for wave theory again. Honestly, my brain is having a hard time figuring out how the 1.38 Fibonacci level is calculated. That support around 9w is holding firm; if it breaks, just wait to be cut. --- Is wave four coming? Then I need to cut my losses quickly; I don't want to be trapped again. --- The support zone is so small that a big bearish candle could break through at any moment. Be prepared for a bottom-fishing stance. --- NGL, this analysis sounds reliable, but when will the market follow the textbook... --- I've looked at the range from $90874 to $92915. If it breaks, I'll admit defeat and stop gambling.

View OriginalReply0