From the daily chart structure, Bitcoin is still in the process of bottoming out during its correction cycle. After consecutive tests of 90,000, a phased bottom area has formed, but the bearish pressure has not been truly released, so short-term outlook remains cautious. Although there have been several rebounds supported on the hourly chart, trading volume has not effectively cooperated, and upward resistance remains persistent.
The signals from technical indicators are somewhat fragmented. The hourly MACD bearish momentum is gradually converging, but both lines are still below the zero axis, indicating limited short-term repair space; the daily MACD still maintains a death cross, suggesting that medium-term correction is far from complete. Regarding RSI, the hourly chart repeatedly bounces around 50, with the market holding a wait-and-see attitude; the daily RSI is stuck in the weak zone of 40-50, with overall bearish dominance. As for moving average arrangements, EMA7 is suppressed by EMA30, and EMA120 is far overhead, indicating significant short- to medium-term resistance.
In practical trading, focus on the support zone around 87,000-88,000, and be cautious of resistance at 93,000-94,000.
**Bitcoin Intraday Strategy:** If the price retraces to the 89,200-90,000 zone and finds support to stabilize, consider small positions for long entries, with stop-loss below 88,200, targeting the 92,200-93,000 range.
If a rebound to around 93,000-92,200 shows signs of stagnation, try a small short position, with a stop-loss above 93,800, and look for targets around 90,000-89,000.
**Ethereum Follow-up Strategy:** When supported in the 3,050-3,090 zone, consider a long position, with a stop-loss below 3,010, aiming for an upward space toward 3,150-3,190.
If the rebound stalls at the 3,190-3,150 resistance zone, consider a small short position, with a stop-loss above 3,230, and targets downward around 3,070-3,030.
(The market rhythm is constantly changing; the above analysis is for reference only. Be sure to manage risk and position sizes carefully, and adjust strategies flexibly according to real-time movements.)
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ImpermanentLossFan
· 01-10 11:56
It's the same old grind, so annoying. When will I finally break through?
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PanicSeller
· 01-08 23:49
Still grinding away at the bottom, this wave is really a bit annoying. If the volume doesn't cooperate, it's just a scam. I'll continue to observe.
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ImpermanentPhilosopher
· 01-08 23:45
Still bottoming out, trading volume still can't pick up, which is a bit awkward.
View OriginalReply0
bridge_anxiety
· 01-08 23:37
Still grinding away, how long is this grind going to last?
From the daily chart structure, Bitcoin is still in the process of bottoming out during its correction cycle. After consecutive tests of 90,000, a phased bottom area has formed, but the bearish pressure has not been truly released, so short-term outlook remains cautious. Although there have been several rebounds supported on the hourly chart, trading volume has not effectively cooperated, and upward resistance remains persistent.
The signals from technical indicators are somewhat fragmented. The hourly MACD bearish momentum is gradually converging, but both lines are still below the zero axis, indicating limited short-term repair space; the daily MACD still maintains a death cross, suggesting that medium-term correction is far from complete. Regarding RSI, the hourly chart repeatedly bounces around 50, with the market holding a wait-and-see attitude; the daily RSI is stuck in the weak zone of 40-50, with overall bearish dominance. As for moving average arrangements, EMA7 is suppressed by EMA30, and EMA120 is far overhead, indicating significant short- to medium-term resistance.
In practical trading, focus on the support zone around 87,000-88,000, and be cautious of resistance at 93,000-94,000.
**Bitcoin Intraday Strategy:**
If the price retraces to the 89,200-90,000 zone and finds support to stabilize, consider small positions for long entries, with stop-loss below 88,200, targeting the 92,200-93,000 range.
If a rebound to around 93,000-92,200 shows signs of stagnation, try a small short position, with a stop-loss above 93,800, and look for targets around 90,000-89,000.
**Ethereum Follow-up Strategy:**
When supported in the 3,050-3,090 zone, consider a long position, with a stop-loss below 3,010, aiming for an upward space toward 3,150-3,190.
If the rebound stalls at the 3,190-3,150 resistance zone, consider a small short position, with a stop-loss above 3,230, and targets downward around 3,070-3,030.
(The market rhythm is constantly changing; the above analysis is for reference only. Be sure to manage risk and position sizes carefully, and adjust strategies flexibly according to real-time movements.)