#密码资产动态追踪 Recently, Bitcoin's pullback has been quite significant, but from a trend perspective, there's no need to be overly pessimistic. It's especially important to avoid chasing short positions, as this is currently the easiest trap to fall into.



The technical indicators have shown many positive signals. After the price bottomed around $89,500, it quickly recovered the short-term moving averages MA5 and MA10. The moving averages are beginning to turn upward, indicating that the correction momentum is stabilizing. MACD below the zero line is brewing a bullish divergence, with bearish momentum clearly weakening, the green bars are narrowing, and a golden cross is imminent. RSI has rebounded from a low of 38 to around 42, signaling a clear oversold rebound, and buying interest is entering in an orderly fashion.

During the stabilization phase, volume remained moderate to weak, but after the price steadied, volume started to increase slightly, indicating selling pressure has receded.

In terms of specific operations: Bitcoin can consider a bullish approach in the range of 90200-90700, with targets at 92200-92700. The key resistance levels above are still 92400 and 94700. The support level below is around 89000.

For Ethereum, it is recommended to build long positions around 3050-3080, with targets at 3200-3230. $BTC $ETH
Overall, the pullback is a correction, so don’t be scared by short-term fluctuations.
BTC-0.05%
ETH0.29%
BNB1.3%
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NotFinancialAdvicevip
· 01-09 20:14
It's easier to get caught in a short squeeze, or should we wait for the golden cross to talk about it?
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BlockchainFriesvip
· 01-09 02:20
Shorting is really a trap within a trap, and the signals for this low-level rebound are indeed clear.
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AlwaysMissingTopsvip
· 01-09 02:20
I've been through the trap of chasing shorts, a bloody lesson learned. The bottom signal this time is indeed clear, a golden cross is imminent. --- I'm optimistic about MA5 turning upward, just worried it might be just a rebound and that's it. --- Only if the 89000 level holds can we consider it a real bottom; otherwise, it's just a false alarm. --- I've heard the MACD bottom divergence explanation too many times; the key is whether the volume can keep up. --- Instead of studying technical indicators, it's better to see what the big funds are doing. Even perfect technicals for retail traders are just being harvested. --- Will 92400 become a new trapped position? That's the real question. --- Those who bought ETH from 3050 should feel much more at ease now. --- Every time I hear "don't be scared by volatility," but then there's another plunge. I'm starting to be allergic to that phrase. --- I don't believe in the bottom at 89500, there's still surprises waiting behind. --- Mild and weak volume? That's called confirming the bottom? I don't think so.
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CryptoMotivatorvip
· 01-09 02:20
Chasing shorts is indeed a trap; I've fallen into it once, a painful lesson. It's the same moving average theory again. The last time I heard this explanation, BTC hit the floor. I just want to ask, is bottom divergence reliable? It seems every time they say a golden cross is coming. 89000 resistance, haha, they said the same last time. I tried to buy a little around 90500, just as a gamble. Is a MA5 reversal really a signal? I still can't quite understand this thing. Buying long at 3050 might be too early; I feel there might be another dip. Don't be scared, right? My wallet has already been scared to death. It's easy to say that; people without money say anything is easy. The trading volume can't be released; whether this rebound can last, I really can't be sure.
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SquidTeachervip
· 01-09 02:18
Shorting is indeed a trap. There are still some bottom signals this time, it just depends on whether you can hold on.
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DecentralizedEldervip
· 01-09 02:17
Shorting is the easiest way to get caught off guard. This rebound signal is indeed clear, but we still need to be cautious about the 92,400 level.
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Blockwatcher9000vip
· 01-09 01:56
Shorting is indeed a trap; many people got caught in this wave.
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