Bitcoin is hovering near the middle band of the Bollinger Bands, and after falling to the lower band, it attempted to rebound but lacked the strength, with the bulls completely out of energy. Technically, every time the price tries to touch the upper band, it gets hammered down, indicating strong selling pressure. This is not a genuine rebound, but rather a trap to lure in long positions. The overall trend remains downward, and that will not change.
The upcoming trading logic is very clear: as long as the price rebounds to the 91,000-91,500 range, it is a good opportunity to short. The target for a breakdown is in the 91,000-89,500 zone, which is the real support level. The bears are not done yet, so don’t be fooled by any rebounds.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
6
Repost
Share
Comment
0/400
ProofOfNothing
· 13h ago
It's the same old trap-mongering rhetoric again. Every time they say it's a trap, but it ends up surging. So annoying.
---
91000-91500 is a short? Are you sure you're not looking for a bagholder haha.
---
The idea that the bulls are out of steam has been around for half a year. Why haven't they died out yet?
---
Honestly, I can memorize this kind of technical analysis. Change it up a bit.
---
They're starting to draw support levels again. Next time, let's stick to this price—I bet 5 bucks.
---
Are the bears done? Not yet, still have a couple more rounds to play. Don't be too optimistic.
---
Trap of false breakout, huh? Well, I'll wait for it to lure me in.
---
Always say don't be fooled, but end up getting scammed the worst. Laughs.
---
89500 is support? Then what about the short positions at 91000-91500? Moving house on your own.
---
"Feeling insufficient strength but with a willing heart"—that's a good phrase. It perfectly describes my account balance.
View OriginalReply0
APY_Chaser
· 01-09 08:55
The trap is coming again. Around 91,000-91,500, you should decisively short the market. Really, don't be fooled again.
View OriginalReply0
Fren_Not_Food
· 01-09 08:55
Let the trap be a trap, I already ran away long ago, just watch the show.
View OriginalReply0
LuckyBearDrawer
· 01-09 08:46
Let the trap be a trap, anyway I've been short for a long time, just waiting for this wave to 91,000 to cut the leeks.
View OriginalReply0
AirdropHustler
· 01-09 08:34
It's another trap to lure more buyers, I knew it. They keep deceiving like this, retail investors still believe.
---
The 91000-91500 level is indeed attractive, I am already prepared to short.
---
The bulls really have no chance, even Bollinger Bands can't contain it, what does that mean?
---
Breaking 89500 is the real signal, the current rebound is just to trap the chives.
---
Sister has already seen through it, continue to short this wave.
View OriginalReply0
AirdropF5Bro
· 01-09 08:25
Pump manipulation? I saw it coming a long time ago, this rebound is just an illusion. Dropping straight through 91000-91500, definitely.
---
The bulls are really useless, still getting manipulated at this level.
---
They're trying to trap us retail investors again, huh? Just looking at it makes me angry.
---
Waiting for the rebound to that price level to short, you can make money with your eyes closed. Don’t believe it? Give it a try.
---
This Bollinger Bands setup is actually like this, always deceiving people, but anyway, we keep playing to make money.
---
So now it's just waiting, see you at 89500.
---
With such strong selling pressure, you still want a rebound? Dream on. It would be much more comfortable to just break down directly.
---
The bears' faction,坚持不割.
---
Brothers who have been trapped by pump manipulation should all understand, this time it’s really a trap.
---
That area around 91000 definitely needs to be broken, the technicals are right there.
Bitcoin is hovering near the middle band of the Bollinger Bands, and after falling to the lower band, it attempted to rebound but lacked the strength, with the bulls completely out of energy. Technically, every time the price tries to touch the upper band, it gets hammered down, indicating strong selling pressure. This is not a genuine rebound, but rather a trap to lure in long positions. The overall trend remains downward, and that will not change.
The upcoming trading logic is very clear: as long as the price rebounds to the 91,000-91,500 range, it is a good opportunity to short. The target for a breakdown is in the 91,000-89,500 zone, which is the real support level. The bears are not done yet, so don’t be fooled by any rebounds.