January 21st midday market analysis.

Overnight, Bitcoin faced no resistance and broke below the 90,000 mark, with a low of around 87,800, forcing the bulls to be pressed down. We continue to suggest a bearish outlook, accurately capturing this round of decline.
From the market perspective, the bearish trend still exists, and it can be compared to gold, which also shows a waterfall decline on the 4-hour chart. There are no signs of stabilization in the short term, and the support levels below are not yet meaningful. Today's trading strategy is mainly to follow the trend and short on rallies.
BTC trading suggestion: Short near 89,600-90,000, stop loss at 90,500, take profit at 87,800-86,800#Gate每10分钟送1克黄金