Bitcoin has been consolidating all day, and in the end, it still chose to move downward. It has now broken below the 90393 neckline, and three consecutive hourly K-lines have failed to recover above it. The next likely move is a continued test of the 98294 support level. If it can't hold, 87521 is waiting below.
Currently, the lower boundary of the wedge at 90393 is the main resistance. Only a breakout above this level can bring a return to wedge oscillation and another rebound opportunity. Conversely, if it fails to break through, it will test the 89294 support. Pay close attention around Friday. If it breaks below 89294, a lower low will form, making a downtrend inevitable.
🌿
Trading Strategy: If Bitcoin breaks through 90393 with volume on the right side, consider chasing longs. But if it falls below 89628 and the rebound cannot be regained, switch to chasing shorts on the right side. For long positions, wait for a breakout of key resistance or a pullback to key support—don't trade based on feelings.
Specifically, look at this—on the hourly level, a steady break above 90393 targets the 91472 to 92617 range. If it can't break through, expect repeated tests at these two levels. On the 4-hour level, if it falls below 90314, look down to 89223 to 87069. If it breaks below 90314 and cannot recover, it indicates a 4-hour correction is starting.
🌿
The recent pattern is quite interesting. Previously, in the white box on the 4-hour chart, a bullish engulfing pattern appeared, suggesting a bullish outlook for the near future. Although the gain wasn't large, there was still an increase. The problem is, three consecutive K-line bodies haven't closed above 91472, indicating significant selling pressure at this level.
Now, a bearish engulfing pattern has appeared again in the white box, implying that the bears may continue to dominate. Moreover, there was a false breakout below the EMA200 daily moving average. The 4-hour chart hasn't closed yet, but if it ultimately closes below the EMA200, it will be a clear bearish signal.
Currently, the bears have the upper hand. Rebound shorts are more reliable. If you want to go long, wait for a clear sign of a trend reversal. Don't try to guess the bottom on your own. That's all.
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RegenRestorer
· 4h ago
Another aggressive sell-off, I really can't hold on anymore.
View OriginalReply0
DefiVeteran
· 01-09 10:59
It has dropped below again and again. This time, I really feel like testing 89294. Make sure to keep a close eye on it this Friday.
View OriginalReply0
PoolJumper
· 01-09 10:52
This round of Bitcoin really underperformed; if it can't hold 90393, how can we talk about a rebound?
View OriginalReply0
CafeMinor
· 01-09 10:48
Broke below the neckline again. This time, it's really time to look at the bears; don't guess the bottom blindly.
#Solana行情走势解读 $BTC Technical Brief:
Bitcoin has been consolidating all day, and in the end, it still chose to move downward. It has now broken below the 90393 neckline, and three consecutive hourly K-lines have failed to recover above it. The next likely move is a continued test of the 98294 support level. If it can't hold, 87521 is waiting below.
Currently, the lower boundary of the wedge at 90393 is the main resistance. Only a breakout above this level can bring a return to wedge oscillation and another rebound opportunity. Conversely, if it fails to break through, it will test the 89294 support. Pay close attention around Friday. If it breaks below 89294, a lower low will form, making a downtrend inevitable.
🌿
Trading Strategy: If Bitcoin breaks through 90393 with volume on the right side, consider chasing longs. But if it falls below 89628 and the rebound cannot be regained, switch to chasing shorts on the right side. For long positions, wait for a breakout of key resistance or a pullback to key support—don't trade based on feelings.
Specifically, look at this—on the hourly level, a steady break above 90393 targets the 91472 to 92617 range. If it can't break through, expect repeated tests at these two levels. On the 4-hour level, if it falls below 90314, look down to 89223 to 87069. If it breaks below 90314 and cannot recover, it indicates a 4-hour correction is starting.
🌿
The recent pattern is quite interesting. Previously, in the white box on the 4-hour chart, a bullish engulfing pattern appeared, suggesting a bullish outlook for the near future. Although the gain wasn't large, there was still an increase. The problem is, three consecutive K-line bodies haven't closed above 91472, indicating significant selling pressure at this level.
Now, a bearish engulfing pattern has appeared again in the white box, implying that the bears may continue to dominate. Moreover, there was a false breakout below the EMA200 daily moving average. The 4-hour chart hasn't closed yet, but if it ultimately closes below the EMA200, it will be a clear bearish signal.
Currently, the bears have the upper hand. Rebound shorts are more reliable. If you want to go long, wait for a clear sign of a trend reversal. Don't try to guess the bottom on your own. That's all.
$BTC