Bitcoin surged to $92,000 yesterday but then lost momentum, currently fluctuating around $90,500, with the bulls clearly weakening. From a candlestick perspective, the price has broken below the short-term upward trend line, and is being firmly suppressed by the 5-day and 10-day moving averages; MACD has already crossed bearish, with increasing green bars, and RSI has fallen to 42, indicating a weak zone.
The four-hour chart also shows issues—although there was a rebound from the lower Bollinger Band at 89,262, trading volume has severely shrunk, the Bollinger Bands are tightening, and multiple moving averages are stacked above, making the short-term rebound uncertain whether it can hold.
This week's trading strategy: - Short BTC around 90,800-91,300, targeting the 89,700-88,700 range - Short ETH around 3,100-3,130, with support at 3,050-3,020
The market is waiting for the US Non-Farm Payrolls data as a variable to land. Whether there will be new directional guidance afterward will be clear in the next few days.
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liquiditea_sipper
· 3h ago
The 92,000 level couldn't be broken again. It seems the bulls are really out of energy. The current bearish trend still needs to continue eating up.
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ExpectationFarmer
· 15h ago
Pulling up to 92,000 is just no fun, a typical false breakout. I knew the bulls couldn't hold. If this non-farm payroll data gets any worse, dropping straight to 88,700 is really not far off.
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LiquidatedDreams
· 01-10 18:08
The 92,000 level can't be pushed higher again. This bullish trend is really weak, and it feels like a breakdown is imminent.
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LiquidityWhisperer
· 01-10 07:39
Is 92,000 no longer impressive? I already said this rebound is weak. Now it's being pressed down by the moving averages, what's the point of playing?
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LidoStakeAddict
· 01-10 07:38
Even 92,000 can't be held, this is what the current bull market looks like, it's hilarious. Let's go down; sooner or later, it'll return to 88k.
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CrossChainMessenger
· 01-10 07:37
Just 92,000 is enough now, still struggling with 90,500. The bulls really have no chance anymore.
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ContractBugHunter
· 01-10 07:33
Just ran at 92,000? You should have listened to me and gone short directly. Who can stand this kind of back-and-forth shaking... The non-farm payroll data is a hurdle we need to get over.
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PhantomHunter
· 01-10 07:26
Another boring sideways movement, dropping from 92k. The bulls really need to wake up.
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GasGuzzler
· 01-10 07:15
92,000 is no longer impressive; I should have been bearish earlier. The bulls are too greedy.
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LiquidationKing
· 01-10 07:14
If 92,000 doesn't hold, you know something's going to happen. With the current situation, a bullish trend is really unlikely.
#美国非农就业数据未达市场预期 Weekend Market Review and Outlook:
Bitcoin surged to $92,000 yesterday but then lost momentum, currently fluctuating around $90,500, with the bulls clearly weakening. From a candlestick perspective, the price has broken below the short-term upward trend line, and is being firmly suppressed by the 5-day and 10-day moving averages; MACD has already crossed bearish, with increasing green bars, and RSI has fallen to 42, indicating a weak zone.
The four-hour chart also shows issues—although there was a rebound from the lower Bollinger Band at 89,262, trading volume has severely shrunk, the Bollinger Bands are tightening, and multiple moving averages are stacked above, making the short-term rebound uncertain whether it can hold.
This week's trading strategy:
- Short BTC around 90,800-91,300, targeting the 89,700-88,700 range
- Short ETH around 3,100-3,130, with support at 3,050-3,020
The market is waiting for the US Non-Farm Payrolls data as a variable to land. Whether there will be new directional guidance afterward will be clear in the next few days.