2026-01-09 12:33:08

Friday Night Market Review

From a technical perspective, Bitcoin's situation is: the KDJ indicator's three lines are repeatedly oscillating at low levels, and the golden cross has not yet formed, so it’s unlikely to see a strong rally in the short term. The RSI across various timeframes has not broken above the 50 level, which is the boundary between bulls and bears, indicating that the bullish rebound is indeed limited. Although the MACD histogram continues to expand in the red, there are no clear signs of weakening. Currently, the bears still hold the rhythm, but the pace of decline is no longer as fierce as before.

In terms of trading strategy, the short-term layout for Bitcoin is: consider short positions in the 90700-91200 range, with support around 89600 below.

For Ethereum, the high point area of 3120-3150 is suitable for shorting, with a short-term target of the 3000 level.

Overall, although the bears are still in control, the market’s downward momentum has eased somewhat. Future observations for new signals may be needed to determine the authenticity of a rebound.

BTC0,52%

ETH-0,15%

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TokenUnlocker

· 01-10 06:29

The bears are still pretending, waiting to see if the rebound can fool retail investors. Keep sorting out your ideas, but don't be fooled by that little red MACD histogram. Thinking of pushing up before the KDJ has a golden cross? Dream on. Why is RSI still lying below 50? The bulls are really too weak. If 91200 can't be broken, just keep shorting. Anyway, 3000 won't run away. If this rebound is real, then something's wrong. I choose not to believe it.

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CommunityLurker

· 01-10 01:18

The short sellers are exhausted; we have to wait and see if this rebound signal holds.

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LucidSleepwalker

· 01-09 18:09

The bears are already exhausted; after this wave of volatility, it feels like there's not much strength left.

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DecentralizedElder

· 01-09 15:40

The recent wave of short selling isn't as fierce, but it seems there's not much of a story to tell about the rebound either. However, the 89600 support level must hold, or else it will have to continue to be cut down.

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ponzi_poet

· 01-09 13:01

What are the bears still holding on to? It feels like they're about to break.

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LiquidityHunter

· 01-09 12:57

The bears aren't as fierce anymore, but the KDJ is still dithering. It might be better to wait a bit longer.

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PerennialLeek

· 01-09 12:57

The shorts are weakening, and it seems the possibility of this rebound is increasing. KDJ is still dithering, and the 89600 level must be held. However, RSI can't break 50, the bulls are still too weak. MACD red bars are enlarging, but a top is inevitable. Now we need to observe the signals... It's a routine, so let's just see how next week unfolds.

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PumpingCroissant

· 01-09 12:51

The short position is still quite stable; it all depends on whether 89600 can hold. It feels like this rebound won't last much longer.

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ValidatorViking

· 01-09 12:45

kdj still cooking at the bottom... not exactly battle-tested conditions for longers rn tbh. rsi refusing to breach that 50 line is telling—consensus just isn't there yet. macd red column expanding but no real finality signal, so bears still hold the fork. interesting though, the downside pressure finally bleeding out. feels less like a slash event now, more like cautious network stability

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WalletDoomsDay

· 01-09 12:33

The bears are about to drop the ball; it feels like this rebound is really just missing a catalyst.

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