#Strategy加码BTC配置 Bitcoin's daily chart shows that the 91,500 level is a bit tricky—it's both a strong resistance at the upper Bollinger Band and the neckline of the previous double top pattern. Even more so at 91,800, which is not only a Fibonacci 0.382 retracement support from the drop from 94,200 but also where the four-hour RSI is already overbought and starting to turn down. The MACD shows clear bearish divergence signals, and the bearish trend is quite evident.
Looking at recent movements, BTC has repeatedly formed long upper shadows on the hourly chart, failing to stabilize above 91,800 despite multiple attempts. The volume isn't supporting the price, and this divergence between volume and price usually indicates that the upward momentum is nearing exhaustion. The downside momentum has actually accumulated quite a bit.
Trading ideas to consider:
For Bitcoin, consider short positions in the 91,500 to 91,800 range, targeting 89,500.
For Ethereum, position between 3,170 and 3,150, with a target around 3,080.
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DegenWhisperer
· 01-05 14:12
91800, I've tried so many times but still can't stabilize. I really feel like it's going down this time.
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NFTArtisanHQ
· 01-05 03:56
ngl the fibonacci retracement poetry here is lowkey hitting different... but isn't it just price discovery masquerading as technical determinism? the real meta-narrative might be whether our charting primitives actually reveal truth or just encode our collective anxieties into visual form 🤔
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gas_fee_trauma
· 01-04 12:57
Damn, it's that same narrative of top divergence again... Last time I said this, BTC directly broke through, is it really going to drop this time?
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HashBard
· 01-04 12:55
ngl the narrative arc here is kinda poetic... btc keeps touching 91800 like it's got commitment issues, can't seal the deal. that volume divergence tho? pure market psychology—bulls are exhausted, bears are literally just waiting for the permission slip to dump. the fib levels read like a tragedy in five acts, and we're definitely in act four rn.
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DeFiCaffeinator
· 01-04 12:53
That 91,800 level is indeed tough; the divergence between volume and price has been a reliable signal... the bears should be coming.
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CoinBasedThinking
· 01-04 12:46
91800 can't be broken, the bearish signal is so obvious yet some people are still chasing longs, truly a gambler's mentality
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CommunitySlacker
· 01-04 12:36
The 91,800 level is indeed a tough barrier, but I think we need to observe the volume performance further. Relying solely on divergence signals isn't enough to be confident.
#Strategy加码BTC配置 Bitcoin's daily chart shows that the 91,500 level is a bit tricky—it's both a strong resistance at the upper Bollinger Band and the neckline of the previous double top pattern. Even more so at 91,800, which is not only a Fibonacci 0.382 retracement support from the drop from 94,200 but also where the four-hour RSI is already overbought and starting to turn down. The MACD shows clear bearish divergence signals, and the bearish trend is quite evident.
Looking at recent movements, BTC has repeatedly formed long upper shadows on the hourly chart, failing to stabilize above 91,800 despite multiple attempts. The volume isn't supporting the price, and this divergence between volume and price usually indicates that the upward momentum is nearing exhaustion. The downside momentum has actually accumulated quite a bit.
Trading ideas to consider:
For Bitcoin, consider short positions in the 91,500 to 91,800 range, targeting 89,500.
For Ethereum, position between 3,170 and 3,150, with a target around 3,080.
$BTC $ETH $PEPE