January 9th early morning, the crypto market continues to face downward pressure at elevated levels. Multiple consecutive attempts to probe higher have failed to break through previous resistance, and bearish momentum is gradually being confirmed. Behind the rebound signals may lurk adjustment pressures.
From a technical perspective, this wave of price action shows clear characteristics. On the 4-hour chart, prices repeatedly struggle near the lower Bollinger Band, with momentum rapidly decaying after each upthrust. Rebound magnitudes fall far short of expectations, and effective breakouts have barely materialized. Meanwhile, the resistance from the 1-hour Bollinger Band upper rail remains extremely stubborn, with multiple upward attempts being repelled, further increasing the probability of pullback ahead.
More critically, the overall trend structure remains intact. The previously established bearish pattern continues, with all three Bollinger Band lines persistently spreading downward. The current rebound appears more like a consolidation move rather than a trend reversal signal. The risks of chasing highs are indeed worth noting.
In terms of trading strategy, attention can be paid to two instruments: Bitcoin has opportunities to consider short positions near 91500, with support eyed at 89000 below; Ethereum follows a similar approach near 3140, targeting 2980. Regardless of direction, stop-loss placement cannot be overlooked, keeping risk within controllable ranges at all times.
Overall, this is a phase that requires patience. Under the pattern of repeated highs, hastily chasing gains easily leads to losses. Maintaining good risk management and waiting for true directional clarity is the prudent approach.
It's the same old Bollinger Band stuff again—bounce means wash trading, dip means bottom fishing. I've heard it so many times my ears are callused.
Wait, 91500 short position? Why doesn't this guy just say "all-in" directly?
True risk management is simply doing nothing and waiting for confirmation before entering.
What's there to say about Bollinger Bands diverging? The key is watching how the major institutions operate.
This kind of repeated high consolidation pattern is the easiest way to get liquidated. Lucky I held my stop loss early on.
January 9th early morning, the crypto market continues to face downward pressure at elevated levels. Multiple consecutive attempts to probe higher have failed to break through previous resistance, and bearish momentum is gradually being confirmed. Behind the rebound signals may lurk adjustment pressures.
From a technical perspective, this wave of price action shows clear characteristics. On the 4-hour chart, prices repeatedly struggle near the lower Bollinger Band, with momentum rapidly decaying after each upthrust. Rebound magnitudes fall far short of expectations, and effective breakouts have barely materialized. Meanwhile, the resistance from the 1-hour Bollinger Band upper rail remains extremely stubborn, with multiple upward attempts being repelled, further increasing the probability of pullback ahead.
More critically, the overall trend structure remains intact. The previously established bearish pattern continues, with all three Bollinger Band lines persistently spreading downward. The current rebound appears more like a consolidation move rather than a trend reversal signal. The risks of chasing highs are indeed worth noting.
In terms of trading strategy, attention can be paid to two instruments: Bitcoin has opportunities to consider short positions near 91500, with support eyed at 89000 below; Ethereum follows a similar approach near 3140, targeting 2980. Regardless of direction, stop-loss placement cannot be overlooked, keeping risk within controllable ranges at all times.
Overall, this is a phase that requires patience. Under the pattern of repeated highs, hastily chasing gains easily leads to losses. Maintaining good risk management and waiting for true directional clarity is the prudent approach.