2026-01-19 22:39:31

From a technical perspective, Bitcoin is likely in the correction phase of the fourth wave, with some distance remaining before the fifth wave begins. The current price hovers around $93,000, with an intraday high of $95,500, but it broke below the key support level of $94,000. If the short-term decline continues, a correction to the range of $71,000 to $84,000 is expected. $88,000 becomes an important support level, and this position warrants close attention. Once it is broken, further downside space will open up.

BTC-3,72%

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zkNoob

· 6h ago

Elliott Wave Theory is back again, always talking about the fourth wave and the fifth wave, but what’s the result? --- Breaking 88,000, probably will drop to over 70,000, really quite worried --- Feels like 94,000 is just a paper tiger, it could break at any minute --- The fifth wave is still far away, let’s wait and see if we can hold 88,000 first --- Another critical support level, last time the critical support didn’t hold either --- If this wave really drops to 71,000, I’ll start buying the dip --- Fluctuating around 93,000 repeatedly, so annoying, when will it go up? --- There are many support levels, but in the end, it’s all about mindset --- Why does it feel like every analysis is opposite to the actual situation? --- Let’s wait until 88,000 is broken, anyway I don’t have any more money to add to my position

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DeadTrades_Walking

· 22h ago

It's the wave theory again, talking all serious, but it still dropped below 94,000 and everyone panicked. --- 88,000 really can hold? Honestly, I don't believe it. --- Fourth wave, fifth wave... I've heard enough about them, let's just look at the trend. --- Once the 70,000-80,000 range drops, how much further can it go? --- These analyses happen every day, it's all about whether you can make money, right? --- Hovering around 93,000, I already knew a correction was coming. --- Support levels are breaking one after another, and those caught in it are stunned. --- Talking nicely doesn't compare to being straightforward—should we cut losses now? --- Is there still a distance before the fifth wave starts? Then when will that be? --- The moment the key support is broken, things will start to go crazy below.

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AlwaysQuestioning

· 22h ago

Here we go again with the wave theory. Is it accurate or not? It feels like every time they say there's support, there's no support.

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StableGenius

· 22h ago

wave theory enthusiast but let's be real, nobody actually knows where this goes ...yeah so 88k is the line then? cool, we've only heard that three times this month lol

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SocialAnxietyStaker

· 22h ago

Oh no, is it going to drop back below 70,000 again? I can't handle the pressure!

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