BTC breaks below the 4-hour support, analyst's target price directly points to $87,600

Bitcoin once again failed to hold the key support level on January 8. According to the latest analysis by crypto analyst Lennaert Snyder, BTC price has fallen to approximately $91,000 and broke below the $92,155 support on the 4-hour chart, confirming the downward momentum. The analyst is currently looking for shorting opportunities, with a final target price around the monthly opening price of approximately $87,600. This indicates that, from the current level, BTC still has room to decline further, but there are multiple critical defense lines along the way.

Technical Weakness Emerging, Support Levels Falling One by One

Based on data, BTC is currently priced at $91,474.94, down 1.52% in 24 hours, but up 4.20% over the past 7 days. From this perspective, although BTC maintains a weekly upward trend, the short-term technical outlook has already weakened.

The analyst pointed out in the news flash that the loss of the $92,155 support level is a key confirmation signal of this decline. In the crypto market, breaking support on the 4-hour chart often indicates a change in the short-term trend, which is why the analyst is beginning to look for shorting opportunities.

Key Price Levels Analysis

Two Critical Defense Lines

The analyst explicitly identified two important defensive positions in the news flash. First is the support near $90,500. If BTC shows a strong rebound and successfully reverses at this level, the analyst will close short positions, implying limited downside potential. Second is the resistance at $96,500. Once BTC successfully breaks through this level, market sentiment will shift from bearish to bullish.

This setup reflects the analyst’s risk management logic: leaving enough room for downside (to $87,600) while setting a clear stop-loss point at the $90,500 rebound reversal.

Market Volatility in the Context of Geopolitical Factors

According to related news, geopolitical factors may trigger new market volatility during the trading week after Monday (post-January 6). Previously, analyst Lennaert Snyder warned that as large institutional investors return from holidays and geopolitical tensions persist, Bitcoin volatility could significantly increase.

This means that in the short term, BTC’s movement depends not only on technical factors but also on macro events. The current decline may be driven by both technical reasons and market sentiment.

Follow-up Focus

Based on the analyst’s logic, two scenarios should be closely monitored:

Bearish Scenario: BTC continues to decline, testing $90,500 and $87,600 sequentially. During this process, the analyst has set two take-profit points, indicating an expectation of phased decline rather than a sudden drop.

Reversal Scenario: BTC rebounds strongly near $90,500, then breaks through $96,500, shifting market sentiment from bearish to bullish.

Summary

BTC is currently in a technically weakening phase, with the loss of support on the 4-hour chart confirming this. The analyst’s target of $87,600 provides a clear downside expectation, but the key support at $90,500 remains critical. From the perspective of a 7-day increase of 4.20%, BTC still has potential for a short-term rebound, but a change in the bearish outlook requires breaking through $96,500. Investors should closely monitor these two key levels and stay alert to geopolitical impacts on the market after Monday’s open.