【2025-1-9 BTC Trend Analysis】
Let me talk about the current situation of Bitcoin. For those who have positioned for the long term, pay attention. Currently, Bitcoin is in a consolidation zone. If this consolidation zone breaks below: 91492.5, it will undergo a deep correction, and there will be a major sell-off. If this position can hold, then there will be no issue, but if it breaks, it will lead to a deep correction.
If this 91492.5 breaks, everyone will only be able to go short. Today is crucial to see if this position can hold; it is the last straw for our bull market. If this hope is shattered, there will be no long positions in the short term. Those who are making profits in spot trading need to reduce their positions to take defensive actions for breakeven. We will reassess tomorrow morning, currently focusing on this position.
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