2026-01-09 03:23:21

Bitcoin held steady above the $89,000 mark in the early morning, demonstrating strong support. From today’s market perspective, Bitcoin successfully rebounded by over 700 points. The corrective trend has basically come to an end, laying the foundation for the next market movement.

From a technical analysis standpoint, Ethereum is following Bitcoin’s rhythm and also undergoing oscillation and correction. In the short term, there is still room for a rebound, but caution is advised. In terms of intraday trading strategy, the rebound high point remains a key resistance level, which is still an opportunity for short positions.

Overall, the market is currently in the confirmation stage of the final correction. Investors need to closely monitor whether Bitcoin can hold this level and whether it can break through higher resistance levels in the future.

BTC-0,02%

ETH0,31%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
9
Repost
Share

Comment

0/400

HappyMinerUncle

· 10h ago

It's already good enough to hold the 89,000 level, but this rebound feels very weak.

View OriginalReply0

GateUser-ccc36bc5

· 01-10 03:57

89000 holding steady? Wake up, it's just a rebound trap, waiting to be smashed.

View OriginalReply0

TopBuyerBottomSeller

· 01-09 10:20

Holding 89,000 feels a bit risky, worried that one stitch could break it. The rebound space really isn't that big, is it?

View OriginalReply0

CryptoMotivator

· 01-09 03:53

89000 holding steady is just holding steady, don't overthink it, there's still room for a rebound, if it hits a high point, then short it, simple and straightforward.

View OriginalReply0

failed_dev_successful_ape

· 01-09 03:49

89,000 has held, but is this rebound really limited? Feels like we're about to get trapped again --- Is it a correction in the late stage? I feel like it's still early... --- I've heard "shorting opportunity" too many times, but I haven't actually lost money --- Bitcoin is so steady, but Ethereum still looks like a follower --- Waiting for a breakthrough to higher resistance? I'm more concerned about when it will drop again --- Resistance level again for shorting? This tactic is getting so old

View OriginalReply0

StopLossMaster

· 01-09 03:48

89000 held? Then keep looking for a short opportunity. The rebound high is our chance.

View OriginalReply0

TokenDustCollector

· 01-09 03:37

89k, this position really held up, but I feel like it needs to break through again to feel secure. I didn't catch the shorting wave, and now I kind of regret it. There's still room for a rebound, but it depends on whether it can break the previous high; otherwise, it might still drop. This wave of Bitcoin's rebound of over 700 points, to be honest, feels a bit abrupt... End of correction? It doesn't seem to be over yet. Give me a couple more days of adjustment.

View OriginalReply0

GasFeeSobber

· 01-09 03:30

It's good if we can hold this level of 89,000, but I still think this rebound is a bit fake. Just waiting to see if it can break through later, otherwise it's just a trap.

View OriginalReply0

OnChainSleuth

· 01-09 03:25

89000 hold steady? Let's wait and see if it can really stand firm, feels a bit虚 A 700-point rebound and everyone is bragging, aren't you afraid of getting egg on your face? Shorting at the rebound high? I feel like it's a trap The final stage of correction is coming again, how many times have I heard this phrase I need to wait and see at the resistance level, not in a rush to catch the bottom Will this wave be a repeated rollercoaster? I'm a bit tired Ethereum is following the trend, nothing special about it

View OriginalReply0