BTC's recent performance is a bit perplexing—although the bottom has rebounded, the rebound strength is clearly insufficient. Looking at the trend, the Bollinger Bands have already started to turn downward, which is usually not a good sign. Moving averages and various technical indicators are currently weak and have not provided strong support signals.
In the short term, the rebound may continue to fluctuate within the 91500-91200 range. If this barrier cannot be held, the next line of defense will be at the 88000-87000 level. Before the release of non-farm payroll data, market sentiment remains cautious. Since the rebound is limited in strength, it's important to stay prepared for defense.
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OldLeekNewSickle
· 23h ago
The Bollinger Bands turning downward pattern, I've heard it too many times... Every time they say to play defense, but what happens? A single bullish candle makes everyone forget. The 91,500 level feels like a paper tiger.
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WhaleWatcher
· 01-11 10:07
Such a weak rebound, it's better to watch more and act less.
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ForeverBuyingDips
· 01-09 22:07
Oh man, this rebound really can't gain momentum, the Bollinger Bands are turning around.
Are we going to keep bouncing between 91500 and 91200? It's a bit annoying.
The key non-farm payroll report hasn't come out yet, better to hold back for now.
Can 88000 really hold? Honestly, I'm a bit anxious.
The rebound isn't strong enough, that's the most frustrating part.
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mev_me_maybe
· 01-09 08:51
The rebound is weak, I'm really a bit panicked this time
Don't trust those technical analyses, if 88000 breaks, go all in
The Bollinger Bands turning around is a good sign, it means we're about to break out
Before the non-farm payrolls, this timing is the most annoying, no one dares to move
If we can't hold 91500, let's just run away
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SelfMadeRuggee
· 01-09 08:49
Another rebound followed by disappointment, this routine is getting old.
When the Bollinger Bands turn downward, I knew it wasn't good news. I should have closed my position earlier.
If 91200 can't hold, just wait for 87000 directly, anyway, you can't run away.
Before the non-farm payroll report, who dares to buy the dip? There should be quite a few people suffering heavy losses.
It feels like all the technical indicators are giving bad signals. I'm a bit tired.
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LiquidationWatcher
· 01-09 08:49
ngl this weak bounce is giving me 2022 flashbacks... been there, lost that 🚩
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TokenomicsTinfoilHat
· 01-09 08:42
Such a weak rebound, it looks like I might have to buy the dip down to 88...
It's another Bollinger Band turning, and the moving averages are weak, it doesn't sound promising at all.
Instead of waiting for 91,500 to confirm, why not just watch 88,000 directly? Can it really hold steady?
Daring to chase high before the non-farm payroll report? I wouldn't dare.
If the momentum isn't strong enough, it's just a trick to scare retail investors out. I've seen this tactic many times.
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AirdropHustler
· 01-09 08:32
I also saw the Bollinger Bands turning downward, and it's a bit annoying. The rebound is so weak, it feels like 91500 can't hold at all.
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WalletInspector
· 01-09 08:25
The rebound is weak, and this trend is a bit uncomfortable.
BTC's recent performance is a bit perplexing—although the bottom has rebounded, the rebound strength is clearly insufficient. Looking at the trend, the Bollinger Bands have already started to turn downward, which is usually not a good sign. Moving averages and various technical indicators are currently weak and have not provided strong support signals.
In the short term, the rebound may continue to fluctuate within the 91500-91200 range. If this barrier cannot be held, the next line of defense will be at the 88000-87000 level. Before the release of non-farm payroll data, market sentiment remains cautious. Since the rebound is limited in strength, it's important to stay prepared for defense.