At present, $BTC has completed the downward sliding gate of the daily line, officially verifying the downward trend.

In the short term, the key support of the market is that BTC has completed the downward sliding gate of the daily line, officially verifying the downward trend. In the short term,

The key support of the market:

The first support level: 89,000 (market psychological barrier)

This is a support level generally recognized by the market. If the price stabilizes and rebounds after the second exploration, there may be a short-term rebound.

If it stabilizes, it is expected to rebound to around 92,000.

The second support level: 84,400 (main rising trend line support)

If 89,000 is lost, the market will test the deeper main rising trend line support level of 84,400.

In this area, if there is a large-volume stop-loss signal (such as a large positive line, bottom divergence), a larger level of rebound may be ushered in.

Short-term resistance: 92,000 (breakthrough confirmation point)

If $BTC rebounds after testing 89,000 for the second time, the first target will be 92,000.

If it breaks through 92,000, the market may regain strength and further challenge 96,000 and above