2026-01-08 05:29:05

Compared to yesterday and today’s trend charts, since I last warned everyone to be cautious about chasing longs, BTC has already dropped about 4000 points. The current situation is that the price has touched the key moving average support level and is initiating a rebound. From the 1-hour Bollinger Bands, it has started to tighten and is brewing a direction choice. Combining the comprehensive analysis of the 1-hour and 4-hour charts, the 90800 level is expected to become a short-term bottoming area.

Since a rebound signal has appeared, you can consider relying on the moving average support to go long. The specific operational idea is as follows: gradually build long positions within the 90800 to 90300 range, targeting around 92000. This is a relatively prudent range trading approach.

BTC1,1%

View Original

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.

21 Likes

Reward
21
10
Repost
Share

Comment

0/400

PerpetualLonger

· 01-11 05:26

It dropped another 4,000 points... Really, this time I'm going all-in to buy the dip. If I don't buy at 90,800, I wouldn't be a trader. Faith must be maintained.

View OriginalReply0

ChainSauceMaster

· 01-11 02:47

Haha, 4000 points dropped straight down, I told you not to chase high This level at 90800 is still a bit tough, let's wait and see The Bollinger Bands are narrowing, it's indeed time to choose a direction, this rebound looks pretty good But I'm still on the sidelines, I lost money last time because of signals like this 92000 is just a dream, be more cautious

View OriginalReply0

BankruptcyArtist

· 01-11 01:22

Oh no, I should have listened to you and not chased more. Now I'm losing a lot. The 90800 level does have support, and the rebound probability is quite high. This move is solid, just waiting to see if it can smoothly hit the bottom. See you around 92000, want to take a gamble? The Bollinger Bands are tightening, something's coming. Waiting for the direction to be confirmed.

View OriginalReply0

AirdropHustler

· 01-08 22:51

Oh no, 90800 is here again. Last time I heard you say this, I got trapped, haha.

View OriginalReply0

StableNomad

· 01-08 05:59

ngl, that 4k drop hits different when you've been through 2018... statistically speaking, these "textbook reversal" setups fail like 60% of the time but sure, the risk-reward ratio on 90800 isn't terrible i guess

Reply0

RugDocDetective

· 01-08 05:58

Can the 90800 level really hold up? It feels like it might drop further.

View OriginalReply0

LazyDevMiner

· 01-08 05:54

Ha, is it bottoming out again and again? Back when it was around 90800, it was good to buy the dip, but the key is that no one dares to buy. Long positions are just for listening; I think it can still continue to drop.

View OriginalReply0

GasFeeCrybaby

· 01-08 05:48

Alright, I believe you'll see the bottom at 90,800 this time. The support you mentioned last time didn't hold either. This time, you're again taking hits in batches. It feels like we're always bottom-fishing. I should have ignored that last warning and just lost out at 4,000 points. Can 92,000 really be reached? I want to believe it, but my wallet is a bit tight.

View OriginalReply0

LuckyBlindCat

· 01-08 05:35

90800 this level is indeed interesting, but I'm still a bit hesitant, after all, it just dropped 4000 points. Wait, is the Bollinger Bands really about to choose a direction? Feels a bit fierce. Wow, still daring to go long at this time? I choose to wait and see. The idea of deploying in batches is good, at least it's not a all-in. The 92000 target feels a bit far, can it be reached? A rebound is a rebound, don't fool us into bottom fishing. Could this be another false breakout? I'm a bit scared.

View OriginalReply0

RunWhenCut

· 01-08 05:30

90300 has been reached. Betting that this rebound can hit 92000, or else just wait to be cut.

View OriginalReply0