Trend (2026.1.22, UTC): Intraday initially dipped to around **$87,200** low, then V-shaped rebound, trading within a wide range of $87,200–$90,500 throughout the day, closing at about $90,000, up slightly by approximately 0.3%, showing a oscillating recovery pattern with a long lower shadow.
Core Reasons
1. Technical and Fund Flow: Reached the 0.618 Fibonacci retracement level / key support at 87,000, with bears taking profits and bottom-fishing funds entering, forming a V-shaped rebound; however, the resistance zone of **$90,000–$90,500** faces heavy selling pressure, making the rebound weak
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