Analysis: BTC has lost the 4-hour line support, with the monthly opening price around $87,600 as a potential target.
TechFlame
2026-01-07 16:42
TechFlame2026-01-07 16:42
English
TechFlame reports that crypto analyst Lennaert Snyder indicates the BTC price has declined to around $91,000, simultaneously breaking below the support level of approximately $92,155 on the 4-hour chart, confirming the downward momentum. The analyst personally states he is looking for shorting opportunities, with the ultimate target set at the monthly opening price of about $87,600 (with two take-profit points set along the way to the low). Additionally, BTC has support near $90,500; if there is a strong rebound and reversal at this level, short positions will be closed. If BTC successfully breaks through around $96,500, the outlook will turn bullish.