On the daily chart, the short-term upward trend line has already been broken, and now it is oscillating between the 5-day and 10-day moving averages. Four hours ago, after touching the lower band of the Bollinger Bands at 89,262, it rebounded. There is some recovery action, but the momentum is indeed not strong enough.
Looking at the moving average system (daily timeframe): EMA50 is currently around 90,200, EMA100 at approximately 89,500, and EMA200 at about 88,800. The price still stays above EMA50, so the medium-term support remains intact. However, the MACD on the daily chart has already formed a death cross, with the green bars still expanding, indicating that the short-term bears are in control. The 4-hour RSI has moved out of the oversold zone, showing some rebound momentum, but this does not change the overall weak pattern on the daily chart.
Short-term trading strategy is to buy low and sell high within this range—if it cannot hold near 92,000, consider shorting; if it stabilizes around 89,500, it can be a good point to go long.
If you really want to chase the trend, focus on these two points: a confirmed breakout above 92,000 can lead to a bullish target of 92,500-93,000; conversely, if it breaks below 89,500, be prepared for a potential drop to 88,000-88,500.
Market conditions change rapidly; the above is for reference only.
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GhostAddressMiner
· 01-09 05:50
The death cross is still accompanied by increased volume, and the bearish signal is clearer than ever. I want to see how long those bullish beliefs at 92,000 can hold up.
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GweiTooHigh
· 01-09 05:48
What’s the point of a rebound after a death cross? The daily chart is so weak, I think it's better to stay out and be safe.
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LiquidityNinja
· 01-09 05:47
Once again, the market is bottlenecked; if 92,000 can't hold steady, how can we expect a bullish trend?
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GasFeeCrier
· 01-09 05:43
89500, this critical level really needs to be held. If it breaks, you should leave some mental room... The MACD death cross looks a bit uncomfortable.
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just_vibin_onchain
· 01-09 05:32
The key level of 92,000 hasn't been broken yet, so we need to keep an eye on it. It feels like the bears haven't started firing yet.
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ConsensusBot
· 01-09 05:29
If 92,000 doesn't break, I'll hold tightly; if it drops below 89,500, it feels like something's going to happen.
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MEV_Whisperer
· 01-09 05:23
The daily death cross with green bars volume increase, the bears are still in control. This rebound momentum indeed can't push much further.
#密码资产动态追踪 $BTC Technical Analysis and Trading Opportunities
On the daily chart, the short-term upward trend line has already been broken, and now it is oscillating between the 5-day and 10-day moving averages. Four hours ago, after touching the lower band of the Bollinger Bands at 89,262, it rebounded. There is some recovery action, but the momentum is indeed not strong enough.
Looking at the moving average system (daily timeframe): EMA50 is currently around 90,200, EMA100 at approximately 89,500, and EMA200 at about 88,800. The price still stays above EMA50, so the medium-term support remains intact. However, the MACD on the daily chart has already formed a death cross, with the green bars still expanding, indicating that the short-term bears are in control. The 4-hour RSI has moved out of the oversold zone, showing some rebound momentum, but this does not change the overall weak pattern on the daily chart.
Short-term trading strategy is to buy low and sell high within this range—if it cannot hold near 92,000, consider shorting; if it stabilizes around 89,500, it can be a good point to go long.
If you really want to chase the trend, focus on these two points: a confirmed breakout above 92,000 can lead to a bullish target of 92,500-93,000; conversely, if it breaks below 89,500, be prepared for a potential drop to 88,000-88,500.
Market conditions change rapidly; the above is for reference only.