2026-01-08 01:29:36

Bitcoin has recently shown a clear weakening trend, with prices continuing to decline. Based on yesterday's data, the drop was significant, indicating that the bulls' momentum has already exhausted itself, and market sentiment has shifted from bullish to bearish. However, the support level around 90600 remains quite strong and should not be underestimated. Therefore, it is advisable to proceed cautiously, with light positions and a focus on shorting, avoiding reckless moves.

From the 4-hour K-line perspective, the Bollinger Bands are gradually narrowing, and the price has fallen from the upper band back below the middle band. In simple terms, the rebound strength has disappeared. The short-term reversal signal has been confirmed. Looking at the KDJ indicator, all three lines are approaching the oversold zone, indicating that the bears are currently in control. But this also reveals a risk—more oversold conditions can easily trigger a technical rebound, so stop-loss measures are essential.

Trading suggestion: Consider short positions in the 91600 to 92000 range, targeting around 89000 to 90000. Remember, any signs of key support levels should alert you to the possibility of a rebound, so timely risk management is crucial.

BTC-0,84%

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GasFeeCrier

· 01-11 00:56

You're starting to be pessimistic again, but the 90600 hurdle is indeed tough. I believe it.

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MetaMuskRat

· 01-10 22:47

Here comes the same old trick to harvest the little guys, short at 91,600? Last time I said that, I got slapped in the face by a rebound.

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DaoResearcher

· 01-08 01:59

From the data performance, this wave of technicals is indeed interesting. Bollinger Bands narrowing + KDJ oversold, according to the white paper logic, should be cautious of a rebound, but your analysis is quite reasonable. It’s worth noting whether the support level at 90600 can hold, which essentially is a game-theoretic equilibrium issue—will institutional stop-losses trigger a chain liquidation here? I suggest first verifying the on-chain large holder position distribution data; only if the assumption holds should you consider a light short position. I agree with a light position; going all-in is a sign of governance mechanism failure, and you seem to have a good understanding of that.

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consensus_whisperer

· 01-08 01:58

It dropped again. The bulls are really out of strength. Holding a small position is the way to go; don't think about going all-in. If we can't hold 90600, we have to run.

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RadioShackKnight

· 01-08 01:46

It's the same old story again; you still need to stick to your stop-loss, or else a technical rebound could really lead to bankruptcy.

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