2026-01-09 10:22:12

Hello everyone. Looking at the 4-hour chart, the Bollinger Bands have already given a clear bearish signal. Currently, Bitcoin is fluctuating around 91,000, basically hugging the middle band. After falling from the high of 94,500, it not only broke through the middle band support but also once dropped directly to the lower band. Now, the middle band is still moving downward, and the bulls' attempt is clearly insufficient; the bears are still in control of the rhythm.

On this side, Bitcoin is bearish in the 91,000-91,500 range, with short-term targets pointing to 89,900-89,000. If it breaks below the lower band again, continuing to short towards around 88,000 is not a problem.

Ethereum is similar; 3,130-3,160 is a bearish zone, with targets at 3,060 and the 3,000 integer level. The bulls are showing little sign of strength, mostly observing.

BTC0,25%

ETH0,24%

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JustHodlIt

· 15h ago

The midline is still falling, this wave of bears is indeed solid. Let's wait until it breaks 88k to see.

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LightningPacketLoss

· 01-09 10:51

Break below the lower band and go short all the way to 88k, this bearish move is really going to eat some meat. --- It's another wait-and-see, the bulls really have no more patience this time. --- Sticking close to 91,000 at the middle band? Then just wait for it to crash, anyway the middle band is still dropping. --- Ethereum at the 3000 integer level, I bet it won't break, haha. --- I love hearing that the bears are in control of the rhythm, keep shorting. --- Falling from 94,500 to now, this decline is indeed a bit fierce. --- The bulls' attempts are insufficient, indicating a lack of confidence. --- Can 88,000 really be reached? It feels a bit uncertain. --- The Bollinger Bands are so clear, and there are still people bottom-fishing? --- 3130-3160 is a money-giving zone, I’ll just open a short position.

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OnchainSniper

· 01-09 10:49

Yes, the signal of the middle band moving down is indeed clear, and the statement that the bears are in control of the rhythm is spot on. There's still hope for a short position below 91, but it seems the bulls are really not making much progress right now. Let's wait and see at 88000; being prepared early is never wrong. Ethereum is the same; the 3000 integer level is a hurdle.

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gas_fee_therapist

· 01-09 10:38

The bears are so fierce, the bulls really have no chance. The midline keeps pushing downward, it looks uncomfortable.

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FudVaccinator

· 01-09 10:37

The bears are flexing their muscles again. The Bollinger Bands are very clear this time. --- The 91000 level is not very stable. It feels like something will happen once it drops. --- The bulls are really out of steam now. Your analysis makes it very clear. --- Feels a bit shaky at 88000, but anyway, holding a short position is the right move. --- Ethereum should also drop. I'm waiting for the 3000 round number. --- Still testing the middle band. If the middle band moves down, it gets closer to breaking. --- 94500 hasn't recovered yet. The bulls are really done this time. --- The wait-and-see crowd is having a tough time. Shorting is the right move. --- Why hasn't the lower band been broken again? I'm a bit anxious. --- I've been shorting Ethereum at 3130-3160 for a long time. Very steady.

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BetterLuckyThanSmart

· 01-09 10:24

Why are you still hesitating with such a clear short position? Just go all-in at 88,000 and be done with it. --- It's the same old rhetoric. When will the bulls turn around? --- The mid-line is still falling. It feels like breaking 89,000 is just a matter of time. This wave of bears is indeed steady. --- Why does Ethereum always follow Bitcoin step by step? It has no independence at all. --- At the critical level of 91,000, it feels like it needs another round of dumping. --- I just want to know when the bottom signals will appear. --- Breaking below the lower band and dropping to 88,000 is not surprising. Anyway, this wave of decline hasn't finished yet. --- The bulls' insufficient testing is well said. There really hasn't been a decent rebound.

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