In-depth analysis of BTC's bearish wedge pattern: key support levels determine the future trend

SingleForYears · 2026-01-04T17:14:33+00:00

Currently, BTC exhibits a bearish wedge pattern, indicating that the price correction may continue. 80 is a key support level; if broken, a bullish outlook can still be expected. The current quote is around 91.36K, with a rebound target of 94 to 98. If it falls below the 80 support, the market direction needs to be reassessed.

SingleForYears

2026-01-04 17:14:33

Abstract generation in progress

From a morphological perspective, BTC currently exhibits a clear bearish wedge (bärischer Keil) pattern. This pattern is a continuation form of price correction, and within the wave theory framework, the diagonal wave segment has essentially completed, which itself is an important reference for a bearish signal.

Support Levels and Key Reversal Points

Currently, the 80 price level is the bottom support line of the entire large cycle A wave, and this line is crucial. As long as this support is not effectively broken, the market remains potentially bullish. In comparison, the area around 85 has recently shown signs of bottoming out, which could serve as a basis for a short-term rebound.

The current BTC quote fluctuates around 91.36K, between these two key levels.

Rebound Targets and Wave Completion

Once the pattern confirms a rebound, BTC is expected to break through the 94 level and approach the target zone near 98. Reaching this height would mean that the adjustment process of this major B wave is likely to come to an end, completing the entire correction cycle.

Risk Warning

If the support at 80 is effectively broken (especially if it falls below 80,600), the previous judgment of the B wave bottom will be invalidated, and the outlook may need to be reassessed. Therefore, whether this level holds or not will directly determine the subsequent direction.

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