Friday, January 9th, Bitcoin Technical Scan in the Morning

Recently, Bitcoin experienced a correction after reaching a peak of $94,700. Currently, the price found support around $89,000 and rebounded to the $91,000 level. This adjustment is normal and part of the technical correction during an upward trend. Looking at the volume, there was no significant increase during the decline, indicating that the selling pressure is weakening—this is an ideal time for bulls to enter.

Switching to the 4-hour K-line chart. The Bollinger Bands indicator shows that the price has bounced off the lower band, with the upper and middle bands forming a complete pattern, showing no signs of turning downward. The KDJ indicator is even more interesting; the K and D lines have formed a golden cross at low levels, and the J line has recovered from the oversold area, all signaling a bullish trend. From a technical perspective, the price has consolidated at a key support level, and all indicators point to a buying opportunity.

Short-term suggestion: Go long in the range of 90,200-90,600, with targets around 92,000-93,000.