2026-01-08 02:25:26

Morning observation of Bitcoin and Ethereum trends shows that the bearish market sentiment remains strong.

Since the decline, Bitcoin has not formed a decent rebound, and the bulls are clearly losing strength. Once the key support level at 90,000 is broken, the downside space will be fully opened, potentially heading directly towards around 88,000.

Looking at the 4-hour chart makes it even clearer. The bears are continuously selling off with increased volume, and the price has tested the lower Bollinger Band multiple times before finding some support. All indicators and candlestick patterns point to a bearish trend, and there is no sign of a rebound in the near term.

Ethereum's situation is similar. In this market environment, the short-term strategy is very clear—sell on rebounds, no need to go against the trend.

Operational suggestions: Bitcoin can be shorted around 92,000-92,500, targeting 90,000. If it breaks below, continue to watch 88,000; Ethereum can be shorted in the 3200-3230 range, with the first target at 3150. If it breaks below, focus on the 3080 level. Proper risk management and following the trend are key.

BTC0,3%

ETH1,09%

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AirdropHarvester

· 01-10 11:24

Once the 90,000 level is broken, you have to look down. This wave of bears is indeed fierce... The rebound is crashing down, feeling a bit apprehensive.

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PonziWhisperer

· 01-08 02:55

Once the 90,000 level is broken, it will depend on 8.8. This wave of short selling is indeed fierce... Rebound and then sell, there's nothing more to say.

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GmGmNoGn

· 01-08 02:54

If 90,000 can't hold, then get ready to see 8.8. The bears are really fierce this wave.

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AirdropChaser

· 01-08 02:41

If 90,000 breaks, I have to run. This bear market is really thorough... --- Again, shorting on the rebound. They really treat us like leeks to be cut. If I had known earlier, I would have just gone long and not moved. --- Can't even find support at the lower Bollinger Band. Truly fierce. I still believe in this short idea. --- Every time I say go with the trend, but the key is how to know when the trend will reverse... --- I bet on 88,000. If it breaks, I’ll lose everything. --- Ethereum feels like it will break below 3150 this time, no support below. --- Shorts are shorts, but don’t rush to go all in. Risk control is always the top priority. --- Looking at this trend, I should have already exited. Entering now to gamble on a rebound is just a gambler’s mentality. --- Let the bear market be. I’ve already laid back, waiting for bottom signals. --- Entering short at 92,000? I think it’s uncertain. There are too many floating positions at this level.

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DegenWhisperer

· 01-08 02:37

Once the 90,000 break, just evenly distribute the short positions. Anyway, it will fall sooner or later. This bear market is the time to capitalize on the short side.

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