Today's market was like a roller coaster, fluctuating up and down all day. In the early session, Bitcoin surged to around 91,600, seeming ready to take off, but then it was a quick reversal—dropping back to around 90,800. In the afternoon, it tested the waters near 91,200 but ultimately couldn't hold, falling all the way down to 89,700 before stopping. Honestly, this retracement movement aligns closely with my previous prediction of the 90,000 level.
Looking at the daily chart, the bullish momentum is clearly weakening, with trading volume shrinking significantly. The overall trend is a steady downward decline. This indicates that we should keep a close eye on the 89,000 support level—if it breaks, there could be further downside. The four-hour chart shows interesting signs: bearish momentum is also waning, with long lower shadows on some candlesticks, indicating buying interest below. Resistance above is tightly capped around 91,600.
Trading strategy: Short Bitcoin near 90,800 with a target of 89,000; short Ethereum around 3,120 with support at 3,000, and consider bottom fishing on dips. That’s the current situation; continue to monitor the $BNB correlation.
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SigmaValidator
· 01-12 10:40
Another day on the roller coaster, whether 89,000 breaks or not is the key.
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GasFeeDodger
· 01-12 07:01
Once again, we're seeing this repetitive tug-of-war in the market, it's really incredible. Whether 89000 breaks or not is the key; I think something will happen next week.
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ContractHunter
· 01-10 16:31
It's another roller coaster. When 91,600 was smashed down, I knew the weather was about to change. The bears still have strength.
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DegenRecoveryGroup
· 01-09 12:32
Whether 89,000 breaks or not is the key; I feel like after this drop, I need to buy the dip again.
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BlockchainFoodie
· 01-09 12:30
honestly this BTC dump hit different... like watching a soufflé collapse in real time, all that potential just deflates. the 89k support better hold or we're cooking something nobody ordered lol
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AirdropAutomaton
· 01-09 12:29
Another day of volatile shakeout; whether to break below 89,000 is the key.
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AirdropHunterZhang
· 01-09 12:29
It's another turbulent market. I went all-in in the opposite direction... If 89,000 breaks, we'll cut our losses and break even as the first step.
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MiningDisasterSurvivor
· 01-09 12:22
Once again, it's that kind of indecisive market where if it breaks below 89,000, you'll lose everything. I've seen this trick too many times since 2018.
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LiquiditySurfer
· 01-09 12:02
It's another scenario of "rising to 91,600 and claiming it's going to take off," only to be knocked back to its original state. We've seen this happen too many times. But on the other hand, if the 89,000 level is truly broken, what does the liquidity depth look like below? That's the key factor in deciding whether it will continue to fall or rebound.
#Solana行情走势解读 January 9th, Friday evening $BTC $ETH Technical Analysis
Today's market was like a roller coaster, fluctuating up and down all day. In the early session, Bitcoin surged to around 91,600, seeming ready to take off, but then it was a quick reversal—dropping back to around 90,800. In the afternoon, it tested the waters near 91,200 but ultimately couldn't hold, falling all the way down to 89,700 before stopping. Honestly, this retracement movement aligns closely with my previous prediction of the 90,000 level.
Looking at the daily chart, the bullish momentum is clearly weakening, with trading volume shrinking significantly. The overall trend is a steady downward decline. This indicates that we should keep a close eye on the 89,000 support level—if it breaks, there could be further downside. The four-hour chart shows interesting signs: bearish momentum is also waning, with long lower shadows on some candlesticks, indicating buying interest below. Resistance above is tightly capped around 91,600.
Trading strategy: Short Bitcoin near 90,800 with a target of 89,000; short Ethereum around 3,120 with support at 3,000, and consider bottom fishing on dips. That’s the current situation; continue to monitor the $BNB correlation.