2026-01-08 02:29:29

In recent days, Bitcoin has been repeatedly fluctuating at high levels, with consecutive bearish candles on the daily chart, indicating that the bullish momentum is clearly weakening. From a technical perspective, during this correction, BTC has repeatedly tested the 91300 support level, but each time it gets stuck in front of the 91500-91700 resistance zone, making it difficult to break through.

On the hourly chart, the MACD has already fallen below the zero line, with DIF and DEA continuing to diverge downward, indicating that the bears are in control. The RSI is hovering around 40, showing some market fatigue. The daily RSI has fallen from overbought to a neutral position, and the upward momentum is weakening, which is not a good sign.

What’s more concerning is the EMA arrangement — the hourly EMA7, 30, and 120 have already formed a death cross, indicating short-term resistance. The daily EMA7 is also starting to turn downward, about to break below the EMA30. Trading volume is also quite subdued; everyone is watching, and neither bulls nor bears are able to gain a decisive advantage for now. Although there was a volume rebound on the hourly chart, there has been no follow-up, and the upward push remains weak.

From a trading perspective, if you are looking to short around 92500-93200, the target is 91500-91150; if you want to go long, look for opportunities around 90150-89400, with targets at 91150-91500. The key is to hold these levels; otherwise, the trend may need to change.

BTC-0,14%

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LiquiditySurfer

· 01-11 01:55

A death cross has occurred. Is this really going to break below this time? The bearish opportunity has arrived.

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GasFeeBarbecue

· 01-08 10:05

91,500 is really the ultimate barrier, every time it gets stuck, the bears are too rampant. The rebound lacks strength, it feels like a fleeting recovery, and the hourly death cross is indeed disappointing. This wave, either drop to 89,400 or wait to sell at 92,500. I bet on the bears.

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ConsensusDissenter

· 01-08 02:59

Damn, it's the same repetitive cycle again. I'm already tired of this routine. Stuck again at 91,500. When will it break through? A death cross has appeared; in the short term, it's really not worth being too optimistic. With such a dull trading volume, who the hell dares to buy in? It feels like it's going to break down; better to wait and see. Betting on a decline or betting on a rise—this multiple-choice question is too difficult.

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GasOptimizer

· 01-08 02:53

Data shows that trading volume has shrunk, and capital efficiency has hit a new low. The sustainability of this rebound is indeed concerning, and we need to wait for on-chain evidence before taking further action.

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HodlAndChill

· 01-08 02:50

The death cross has already formed, and this wave is indeed a bit risky. We must hold onto those key levels. --- Once again, stuck in front of resistance. When can we break through? It's a bit frustrating. --- Trading volume is so sluggish, it feels like everyone is waiting for an opportunity, and no one dares to take the first move. --- The 91500-91700 level is really tough; repeated tests still can't break through. --- Both bearish and bullish outlooks carry some risk; the key is whether we can hold the support. --- EMA death cross, and both bulls and bears are losing momentum. This kind of market is the hardest to trade. --- Perhaps you can get in around 89400; it all depends on whether you're willing to bottom fish. --- Every rebound lacks follow-through; the bulls are indeed retreating at this point. --- RSI is hovering around 40; markets like this, stuck in the middle, are the most uncomfortable. --- Looking bearish at 92500-93200 is a possible approach, but we need confirmation signals.

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NftBankruptcyClub

· 01-08 02:41

This round really exhausted everyone. The 91,500 level is firmly stuck, it's so frustrating. Still waiting to act until above 92,500. With such dead trading volume, there's no point. The EMA has a death cross, and even the rebound is weak. It seems like it still needs to fall a bit more. That 90,150 level is marked on my chart, but it depends on whether it can hold steady. Otherwise, breaking through directly would be awkward. This rhythm feels the same as last time. The bulls are completely out of energy, and the bears are just strolling around.

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VibesOverCharts

· 01-08 02:39

91500 is such a stubborn barrier; it just can't be broken through.

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