Reviewing today's market, Bitcoin fluctuated between 87,500 and 88,000, with a very steady rhythm. Ethereum also followed the trend, staying between 2,970 and 2,985 with little movement.
Looking at the 4-hour chart, Bitcoin is currently below the middle band of the Bollinger Bands, with all three lines tightening, indicating market consolidation. The MACD momentum bars are below the zero line, and the KDJ has formed a death cross, both signals pointing to a bearish dominance. Switching to the 1-hour timeframe, the Bollinger Bands are tightening even more, continuing to extend downward, making it difficult to break through with strength in the short term.
From this perspective, tonight's strategy is to wait for a rebound to a high level before shorting. Specifically, Bitcoin can consider shorting around 88,500, with the target below at 86,500. For Ethereum, look for a short entry around 3,010, with a target towards 2,900.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
7
Repost
Share
Comment
0/400
SilentAlpha
· 01-04 10:18
The Bollinger Bands are tightening again, this rhythm is indeed a bit dull
Wait for the rebound to short again? A reliable approach
Short at 88500, betting it drops to 86500, that's a bit harsh
The KDJ death cross has appeared, the bears haven't run
Following this trend with Ethereum is really boring, can it reach 2900?
View OriginalReply0
FastLeaver
· 01-02 20:45
Bollinger Bands tightening means it's time to short? I feel like this wave might actually break upward.
Wait, if you shorted at 88500 and got liquidated, what should you do?
It's another death cross signal. Last time it said that, it suddenly surged in the opposite direction.
Short-term difficulty breaking through doesn't necessarily mean you have to short. During consolidation, it's easiest to get trapped.
Targeting 2900 feels too greedy; it's better to stay cautious.
This rhythm is indeed very flat, but when it's flat, it's often the easiest time to get reversed.
View OriginalReply0
GhostInTheChain
· 01-02 04:50
Another day of volatility, really no one dares to move
Waiting for the rebound to sell again, the old routine
I'm tired of the Bollinger Bands tightening; in the end, it's all about watching the capital flow
MACD death cross means short? Wake up, it hasn't been useful this round
Short at 88500 again, isn't it going to get hammered down?
Short-term resistance to breakthrough = keep lying flat, I need to sleep
Short positions should have been set up long ago, now it's a bit late to say
Optimistic about the 2900 level, but Ethereum is likely to get hammered
This market is really boring, I'd rather check out new coins
View OriginalReply0
zkProofGremlin
· 01-01 11:49
The Bollinger Bands are tightening so much, it feels like either it's the night before a big move or just a sideways grind to torment people.
It seems that the logic of shorting at 88500 is fine, just worried about false breakouts. Do you have stop-losses?
This entire market movement is just squeezing the bubble, let's wait and see.
View OriginalReply0
CodeAuditQueen
· 01-01 11:47
The Bollinger Bands are contracting so strongly, it feels like the overflow check in the contract has failed. Be careful not to get trapped.
View OriginalReply0
NotGonnaMakeIt
· 01-01 11:42
Starting to organize again, so bored to death, just waiting for the rebound to crash.
View OriginalReply0
GateUser-a5fa8bd0
· 01-01 11:39
88500 short position? I think it's risky; this rebound isn't strong enough.
Wait, the Bollinger Bands contracting is a signal for a breakout. Will the drop really be that decisive?
I believe in the KDJ death cross, but can 86500 hold?
Honestly, entering a short now is a bit of a gamble. It's better to wait until it breaks.
The 2900 level is too far away; Ethereum can't reach it easily.
Reviewing today's market, Bitcoin fluctuated between 87,500 and 88,000, with a very steady rhythm. Ethereum also followed the trend, staying between 2,970 and 2,985 with little movement.
Looking at the 4-hour chart, Bitcoin is currently below the middle band of the Bollinger Bands, with all three lines tightening, indicating market consolidation. The MACD momentum bars are below the zero line, and the KDJ has formed a death cross, both signals pointing to a bearish dominance. Switching to the 1-hour timeframe, the Bollinger Bands are tightening even more, continuing to extend downward, making it difficult to break through with strength in the short term.
From this perspective, tonight's strategy is to wait for a rebound to a high level before shorting. Specifically, Bitcoin can consider shorting around 88,500, with the target below at 86,500. For Ethereum, look for a short entry around 3,010, with a target towards 2,900.