2026-01-08 04:24:21

January 8th BTC and ETH Technical Outlook

A few days ago, when Bitcoin surged to 94,500, I kept warning everyone not to chase the high; this wave was bound to retrace. The facts have proven this to be true. After these two days of decline, the bottom has basically been reached.

From the four-hour K-line perspective, the situation is quite clear. The price is steadily stuck at the lower band of the Bollinger Bands, with decent support below. The KDJ indicator had already fallen into the oversold zone and is now turning upward. The J line is about to break above the K and D lines, forming a golden cross. The MACD red histogram is gradually shrinking, indicating that the bearish momentum has significantly weakened, and the bulls are about to launch a counterattack.

My personal trading approach is as follows:

For BTC, consider accumulating in stages within the 90,700 to 89,500 range, with an initial rebound target of 92,000 to 93,000.

For ETH, similarly, position within the 3,140 to 3,100 range, aiming for 3,200 to 3,250.

This correction is not large; it’s just normal high-level consolidation, and there is still room for subsequent rebounds.

BTC4,76%

ETH3,7%

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SelfCustodyIssues

· 01-11 03:14

By the way, your reminder a couple of days ago was really spot on. I was still debating whether to chase @94500@, and after you mentioned it, I was done. Haha

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NeonCollector

· 01-10 23:08

Haha, I already said not to chase that 94500 wave. Now that it’s fallen, people are starting to call for a bottom. But to be fair, the 89500-90700 range is indeed worth paying close attention to. When KDJ is oversold and rebounds, it’s often an opportunity.

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AllInAlice

· 01-09 12:06

It's the same old story again—Bollinger Bands, KDJ, MACD. I feel like every time they say this, it can rebound haha.

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AirdropDreamer

· 01-08 04:54

I've been saying not to chase that wave at 94500, and now you know—it's just about waiting for these low-buying opportunities. KDJ has been oversold for so long; a rebound is definitely coming. I've already started positioning around 89700. ETH at this level feels like it will rebound more strongly than BTC. Reaching 3250 is still possible.

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RuntimeError

· 01-08 04:49

A bit regretful, I should have added positions around 92,000. Now I can only wait for a rebound.

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Anon32942

· 01-08 04:47

It's the same old story, always claiming there's a big rebound space at the bottom, but what’s the result? I've been eyeing 92000 for a long time, just worried it’s another false rebound. I'm tired of the KDJ golden cross signals; the key still depends on volume. Is it really worth bottom-fishing at 90700, or is it just another trick? Honestly, I don't quite believe in the Bollinger Band lower band strategy; there have been quite a few failures in history.

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RugPullProphet

· 01-08 04:37

Here we go again, every time they say it's bottoming out. Is this time for real? Last time they said 94,500 was the bottom, but it kept falling afterward.

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