In the vast and turbulent market of the crypto world, those who truly survive share a common trait — viewing price fluctuations with a calm mind and anchoring themselves to value with resolve.
Looking back at last night’s market movement, after Bitcoin dipped to the low of 90675, it entered a sideways consolidation range. During the rebound, it briefly touched the 91500 level, showing a relatively sluggish performance overall. Ethereum also followed Bitcoin’s rhythm, dropping to around 3123 before rebounding, with a high touching 3182.
From a technical perspective, some clues can already be seen on the four-hour chart. After a series of bearish candles, the momentum is clearly waning. Bitcoin is currently stuck near the upper band of the Bollinger Bands, which has become a key battleground between bulls and bears. The downward attempts have not effectively broken below support, indicating that the selling pressure is weakening. According to probability theory, this could likely trigger a trend reversal rally.
Looking more closely at the one-hour chart, after successfully testing the lower Bollinger Band support, the market has entered a recovery phase. Although the body of the bullish candles has shrunk, the indicators on this cycle have already formed a golden cross and are turning upward. Multiple technical signals point in the same direction — market sentiment is at a bottoming stage.
Therefore, this morning’s trading rhythm is quite clear: follow the trend, don’t be too greedy, and remember to set stop-losses.
**Trading references:**
Consider going long on Bitcoin around 90500, with a target of 92500.
For Ethereum, position around 3120, aiming for 3250.
Markets are always changing, but the logic remains the same. Stay defensive and steadily secure profits.
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FundingMartyr
· 01-10 22:45
It's the same old pattern of bottoming out and bouncing back; the key still depends on whether it can truly break through.
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CodeAuditQueen
· 01-08 17:47
The Bollinger Bands support has not been broken, logically indicating that the bears are indeed weakening, which is correct. But honestly, I've seen too many of these "bottom signals," and they often hide liquidity traps.
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MetaMasked
· 01-08 01:53
It's the same old story, staying calm and composed, easy to say.
Wait, has the lower band of the Bollinger Bands really stabilized? It still looks a bit shaky to me.
Enter a long position at 90500? Alright, I'll trust you this once, but if I get trapped again this time, I'll laugh.
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GasWaster69
· 01-08 01:52
You're starting to talk about staying calm again. Really? Who can stay calm when prices are falling? Anyway, I can't.
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BlockchainGriller
· 01-08 01:46
It's the same old story, staying calm and composed... easier said than done, who wouldn't panic at a critical moment?
But on the other hand, this move is quite interesting. The rebound from 90675 to 91500 makes it seem like the bears aren't as aggressive, almost like a sign of bottoming out. Should we try a small position to see?
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BlockchainRetirementHome
· 01-08 01:46
Maintaining a calm mind anchors value. It sounds good, but I just want to know how many can truly achieve it.
Anyway, I'm waiting for the bottom signal. Entering at 90500 without greed, setting stop-loss properly. If this wave turns out to be another false rebound, I'll just laugh.
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CryptoSourGrape
· 01-08 01:24
If I hadn't slept in this morning, I could have copied the bottom. Now, I wouldn't be caught chasing highs and getting trapped...
In the vast and turbulent market of the crypto world, those who truly survive share a common trait — viewing price fluctuations with a calm mind and anchoring themselves to value with resolve.
Looking back at last night’s market movement, after Bitcoin dipped to the low of 90675, it entered a sideways consolidation range. During the rebound, it briefly touched the 91500 level, showing a relatively sluggish performance overall. Ethereum also followed Bitcoin’s rhythm, dropping to around 3123 before rebounding, with a high touching 3182.
From a technical perspective, some clues can already be seen on the four-hour chart. After a series of bearish candles, the momentum is clearly waning. Bitcoin is currently stuck near the upper band of the Bollinger Bands, which has become a key battleground between bulls and bears. The downward attempts have not effectively broken below support, indicating that the selling pressure is weakening. According to probability theory, this could likely trigger a trend reversal rally.
Looking more closely at the one-hour chart, after successfully testing the lower Bollinger Band support, the market has entered a recovery phase. Although the body of the bullish candles has shrunk, the indicators on this cycle have already formed a golden cross and are turning upward. Multiple technical signals point in the same direction — market sentiment is at a bottoming stage.
Therefore, this morning’s trading rhythm is quite clear: follow the trend, don’t be too greedy, and remember to set stop-losses.
**Trading references:**
Consider going long on Bitcoin around 90500, with a target of 92500.
For Ethereum, position around 3120, aiming for 3250.
Markets are always changing, but the logic remains the same. Stay defensive and steadily secure profits.