Friday night market trend review.



From a technical perspective, Bitcoin's KDJ indicator is oscillating at low levels, and a golden cross has not yet formed, indicating that the short-term upward momentum is indeed weak. The RSI across various timeframes has not yet broken through the 50 threshold, suggesting that the bulls' counterattack is relatively weak. Looking at the MACD, although the red histogram is continuously lengthening, there are no signs of significant energy decay, and the bears still control the short-term rhythm — but one change is that the downward speed has noticeably slowed down.

As for trading ideas: Bitcoin is considered short in the range of 90700-91200, with a watch on the support levels at 89600-88800 if it breaks. Ethereum also has a short outlook in the 3120-3150 range, with the target around 3000.
BTC-0.33%
ETH-0.07%
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BearMarketSurvivorvip
· 01-09 12:51
Bear control? Ha, I've heard this line many times. In the end, it's just a reverse squeeze.
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FlippedSignalvip
· 01-09 12:42
The bears are still a bit weak. I can see that the speed of this decline has slowed down, and I feel there might be a rebound over the weekend.
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MEVHunterZhangvip
· 01-09 12:41
The short positions haven't fully cooled off yet. The signal that the decline is slowing down is somewhat interesting. I actually think we should wait and see at the 90700 level; it feels like there might be some testing still.
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GamefiHarvestervip
· 01-09 12:37
Let the bears take control, I’m already numb from being liquidated.
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GrayscaleArbitrageurvip
· 01-09 12:30
The short position is a bit exhausted this wave, feeling like it can't break 89,600.
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GasGuzzlervip
· 01-09 12:29
The bears are still so fierce; it feels like the bulls haven't turned things around this week.
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