2026-01-08 02:23:40

This morning I checked the market, and the recent fierce rally of Bitcoin has come to a halt. The price has been trending downward, with a pretty sharp drop over the past 24 hours. The market sentiment has clearly shifted from bullish excitement to bearish capitulation. However, keep an eye on the 90600 level below — it’s close to the lower band of the Bollinger Bands and serves as a significant support. Expect some fluctuations around that area, and a rebound is quite possible.

Looking at the 4-hour chart with a longer-term perspective, the Bollinger Bands previously widened significantly but have now contracted back. The price has fallen below the middle band, even breaking the upper support, indicating that the upward momentum has exhausted. We are now entering a correction phase, possibly even a reversal.

The three lines of the KDJ indicator are approaching the oversold zone, suggesting that the bears are currently in control. But on the other hand, this also creates the potential for a technical rebound. In terms of trading strategy, avoid being too greedy. Focus on small short positions, set tight stop-losses, and watch out for quick rebounds near key support levels, which could trigger stop-outs.

For intraday trading, consider short positions in the 92000-92500 range for Bitcoin, with a target around 90000. For Ethereum, short at 3200-3230, aiming for about 3120.

BTC1,36%

ETH0,38%

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MindsetExpander

· 01-10 23:50

If this 90600 level really breaks, we need to be careful. It feels like the bears are holding a big move in reserve.

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TestnetNomad

· 01-10 16:19

This decline really shattered the previous bullish dream. As long as the 90600 level isn't broken, there's still hope. Try a small short position; anyway, the stop loss is just a small amount of money. What are you afraid of? The Bollinger Bands have opened up and then closed again, indicating that the market no longer has the strength to push higher and has turned. Entering a short at 92000 feels risky; will it be stopped out? How far can this rebound go? Looking at the KDJ indicator so close to oversold, it clearly suggests a rebound is coming, but I still need to hold onto my short positions tightly and not get shaken out. If I short ETH at 3200, can it really drop to 3120? It seems better to be conservative. In this kind of market, stop loss is crucial. I was stopped out once before because of greed; the lesson is deep. The 90600 support level is interesting; I noticed it during the previous fluctuations.

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blocksnark

· 01-08 02:53

That 90600 level must be held, or we're really going to the bottom. --- Starting to play with Bollinger Bands again. Hopefully this time I won't get hit with a counterattack. --- Trying a small short position sounds good, but I bet five bucks it'll rebound and slap me in the face. --- Being oversold doesn't mean you can buy the bottom. Why is this so hard to understand? --- I'm considering a short at 92000, mainly worried about missing the move again. --- Feels like this drop is just shaking out retail investors. Better to stay on the sidelines. --- KDJ is already close to the face, yet no rebound? That's a bit suspicious. --- I've heard "stop-loss set properly" a hundred times, but how many actually do it right? --- Can't short ETH at 3200. Still feel like it might bounce up a bit more. --- This kind of market is the most annoying; sideways oscillations make it hardest to make money.

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AllInDaddy

· 01-08 02:53

The 90600 level can indeed hold, it all depends on whether we can maintain it. If it rebounds again, it's time to cut losses.

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ImpermanentPhobia

· 01-08 02:51

I won't believe in a rebound unless this 90600 level is broken. Anyway, it always gets swept each time.

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0xSunnyDay

· 01-08 02:51

Is 90600 going to hold or not is the key. With the current bearish momentum so fierce, I think I'll just wait and see. --- Trying a small short position sounds good, but I'm just afraid I'll get wiped out again. --- With Bollinger Bands and KDJ indicators, I feel like every time I trust these signals, I get爆 (wiped out). --- I'm interested in trying the 92000-92500 range, anyway I won't lose much U. --- Keep a close eye on 90000. If it breaks below, it will be really dangerous. --- I'm a bit scared to go short at 3200 ETH, feels like it might rebound. --- I've heard the phrase "stop-loss well" countless times, but I always fail to set it properly. --- This recent decline is really fierce compared to the last one. The atmosphere has indeed changed. --- That rebound from the support level made me nervous, I was scared of being wiped out. --- Overbought KDJ ≠ necessarily a rebound. I've been tricked by this pattern many times.

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