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On January 8th, BTC experienced a high-level correction followed by consolidation, with core support at 90600-91000 and key resistance at 92000-92500. The intraday strategy is "primarily long on dips, with short positions as assistance." Follow the trend after breakout or breakdown.
1. Daily Trend and Key Zones
- Trend: After a large bearish candle yesterday, the lowest point this morning was 90635. It rebounded to 91500 and then retreated, currently trading around 91300, indicating a balance between bulls and bears.
- Resistance: 92000-92500 (intraday rebound high + moving average resistance); 93000-93300 (yesterday's lower boundary of consolidation, short-term defense level).
- Support: 90600-91000 (early morning low + futures gap, short-term bullish lifeline); 89500-90000 (round number + previous platform, medium-term defense bottom).
2. Multi-Timeframe Indicator Signals
- Daily: RSI 53.2 (bullish momentum weakening), MACD red histogram shrinking, price broke below the 30-day moving average but remains above the 120-day moving average, indicating a technical correction within an uptrend.
- 4-Hour: RSI 48.5, MACD bearish crossover downward, green histogram expanding, price oscillating below the midline, bearish momentum dominant, needs increased volume to break above the midline and strengthen.
- 1-Hour: RSI 50.1, price within a descending channel, long lower shadow near 91000, buying interest observed, monitor rebound strength.
3. Trading Strategy (with levels and risk control)
- Long Positions: Enter in batches at 90600-91000, stop loss at 89800, target 92000-92500, watch for breakout above 93000.
- Short Positions: Light positions at 92000-92500, stop loss at 92800, target 91200-91500, watch for breakdown below 90600.
- Key Risk Control: If the 4-hour close drops below 90000, exit longs; if above 92500, stop out shorts and consider switching to longs.
4. Key Observation Points
- Volume: Rebound without volume is prone to retreat; only a volume breakout above 92500 confirms a shift to strength.
- Macro: Tonight’s non-farm payroll data may trigger volatility. A strong dollar could suppress risk assets. Adjust positions flexibly.