2026-01-21 20:03:08

Market Outlook

Is the market bottoming out?

Bitcoin has reached the 87,000 range, currently experiencing a rebound due to TACO.

Yesterday, I mentioned in the group that I believe the market should rebound after breaking below 89,000 or sweeping 87,400. Currently, the expectation is being met with a rebound after sweeping 87,442.

Although the rebound is influenced by TACO (Trump no longer imposing tariffs), there are also technical correlations.

I believe there is a high probability of a rebound to the 93,000 level.

The key dividing line remains at 94,000 (support-resistance switch).

If successfully breaking through 94, I think the next target zone will still be 98,000-100,000.

If unable to break through 94, then the next downward test target will no longer be 87,400. A more reasonable area to look for long positions would be around 84,000 (looking for a rebound, not a new high rebound position).

This article is sponsored by #BCGAME｜@bcgame @bcgamecoin

View Original

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.