Technical analysis by BlackGoldMarket about Symbol BTC on 1/8/2026

Price is reacting from a well-defined high-timeframe demand zone around 89,400–89,700, where sell-side momentum has slowed after a sharp bearish impulse. This area is a key liquidity pool that previously fueled strong upside expansion. A bullish reaction from this demand zone could trigger a corrective recovery toward 90,800–91,600, with further upside extension possible toward 92,300 and 93,200 if buyers regain control. However, a decisive break and close below 89,400 would invalidate the demand, exposing deeper downside toward 88,800–88,400. Price behavior at this zone will be critical in determining whether this move is accumulation or the start of a larger bearish continuation.