Looking at this wave of market movement, it has been on a downward trend since the pressure level was broken on the evening of the 22nd. By noon on the 23rd, Bitcoin failed to hold above 88,000 after breaking through that level, and has been falling all the way down. As of 8:00 this morning, the four-hour timeframe has attempted multiple times to find support at 88,000 but has failed each time. It has now fallen below 87,000, and the momentum continues.



From a technical perspective, if the bears continue to dominate, the four-hour close before 12 midnight could potentially fall below 85,800. Deeper support is around 83,000. Once a triple wave push pattern is formed, this correction will be officially over. Currently, it is still in the bottoming-out stage, and these key levels will be very critical moving forward.
BTC-2,98%
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PoetryOnChainvip
· 12-26 17:39
Once 88,000 breaks, it will drop straight down. This time, it looks like we need to get to 83,000 to catch a breath.
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LuckyBlindCatvip
· 12-25 19:35
It's impossible to hold 88,000; this is outrageous. Feels like it's going to drop to 85,800. Is that true?
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SerumSqueezervip
· 12-25 13:47
If 88,000 doesn't hold, you know something's going to happen. It's still trending downward now.
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Liquidated_Larryvip
· 12-24 11:56
If you don't hold this key level at 88,000, you know it's time to run. Now it looks like we might really test 83,000.
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SilentAlphavip
· 12-24 11:55
Even 88,000 couldn't hold, it looks like we're really going to drop this time. Is 83,000 the real bottom?
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StakeTillRetirevip
· 12-24 11:53
Even 88,000 can't be held, this wave is really quite fierce.
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ContractExplorervip
· 12-24 11:53
Can't even hold 88,000, so now it's heading towards 83,000.
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DeFiVeteranvip
· 12-24 11:47
That 88,000 mark is really unbreakable; it was time to turn bearish long ago.
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CountdownToBrokevip
· 12-24 11:39
Even 88,000 can't hold, this wave is really going to retrace, feels like 83,000 is the bottom.
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UnluckyMinervip
· 12-24 11:33
88,000 can't hold, this time it's really going to crash --- Another technical analysis, I just want to know when it will bounce back --- Triple wave push? I've heard you talk about it for so long, but it's still falling. My mining rig is almost unable to pay the electricity bill --- 85,800, 83,000, stop talking about it. I've been trapped even lower --- Bear control? Laughable, my wallet is the one being controlled --- Bottoming out, bottoming out, every time they say bottoming out, but what happened? --- How much loss will there be when this wave ends? --- 88,000 is like it never happened, dropping instantly
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