2026-01-08 01:27:00

Bitcoin showed overall weakness yesterday, dipping to around 90600 in the early morning before gradually rebounding. It has now returned to the 91200 range. From the 4-hour technical perspective, the Bollinger Bands have narrowed after opening up, with the price sliding from the upper band below the middle band. This indicates that the short-term upward momentum is weakening, further confirming signs of a short-term trend reversal. The three lines of the KDJ indicator are approaching the oversold area, reflecting that the bears are temporarily in control, but also indicating the possibility of a technical rebound.

Based on the current technical structure, short-term bearish trading opportunities are in the range of 91600 to 92200, with targets down to around 90800 to 90000.

Meanwhile, for Ethereum, consider short positions around 3190 to 3220, with support levels at 3140 to 3110. The market should continue to watch for breakout developments, as a technical rebound may occur. Exercise caution.

BTC0,02%

ETH0,05%

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MondayYoloFridayCry

· 01-09 12:18

90600 bottoming out and rebounding this wave, feels like it needs to drop another round to truly stop the bleeding Once again on the verge of KDJ oversold, last time I said this, it reversed and dropped sharply, cautious about what, just a rebound trap 91600-92200 short positions are indeed tempting, just see if anyone dares to take this position ETH at 3190, I bet it can't break through Repeatedly testing the bottom range, so annoying, I wish I had completely liquidated everything yesterday

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ThesisInvestor

· 01-09 07:32

90600 has bounced back. Can the bears hold this wave? It still feels a bit uncertain. The key is whether it breaks 91600. If it breaks, just go short. ETH around 3200 is indeed a bit risky. Let's wait and see.

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MEVSandwichMaker

· 01-08 21:40

The Bollinger Bands are narrowing, and the momentum is indeed fading. This rebound is probably just a temporary rally, and the bears still need to keep squeezing.

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AltcoinMarathoner

· 01-08 01:56

just like hitting mile 20 in a marathon, this pullback's just another wall to push through. zoom out to weekly and the fundamentals haven't changed one bit. accumulation phase still intact imo.

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GasGuzzler

· 01-08 01:55

90600 rebounds to 91200, this repeated fluctuation is really annoying. Let's wait and see if it can break 92200. --- The Bollinger Bands are narrowing, which usually indicates something is about to happen. KDJ is almost oversold but still hesitating. --- Another potential technical rebound might occur, but it could just be a hammer. Still, it depends on whether it can really drop to 90000. --- I don't dare to take short positions at 3190-3220 on Ethereum; it feels like a reversal is coming. --- This breakdown doesn't seem strong enough; there's still a long way to go before a real decline. --- Short-term trend reversal? I feel like it's just more of the same, being repeatedly worn down. --- Whether it's a bearish dominance or a rebound, I'm just worried about being slapped in the face by a rebound.

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AlwaysMissingTops

· 01-08 01:53

It's the familiar routine again. We've been bearish for so long, why hasn't it played out yet? Wait, is 90600 really the bottom? Feels a bit uncertain. ETH at 3190 might really need to be tested; previous rebounds have been stuck there. When the Bollinger Bands narrow, I say it's exhaustion of momentum, but I don't buy that logic. Let's see more. If it rebounds, it rebounds. Don't keep talking about cautiousness; it's just throwing a tantrum.

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SatoshiChallenger

· 01-08 01:49

It's the same set of Bollinger Bands, KDJ, and technical rebounds... Ironically, every time we say this, the market tends to move in the opposite direction. Data shows that the accuracy of "technical rebound predictions" over the years is less than 45%, but everyone still finds it fascinating.

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ForkTrooper

· 01-08 01:41

90600 rebounded to 91200, this wave is a bit weak, feels like it still needs to be hammered down further. Bollinger Bands narrowing + KDJ quickly oversold, there should still be room, 91600-92200 can indeed be considered for shorting, let's see if 90000 has support below. Ethereum is the same, around 3220 is indeed a good short point, just worried about a sudden technical rebound, so stop-loss needs to be set properly.

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