2026-01-08 07:32:41

From a weekly perspective, Bitcoin's overall upward trend remains intact, and this recent pullback is just a normal short-term correction. The key support level recently is around 90606; as long as this holds, there shouldn't be much problem.

However, a close look at the 15-minute chart reveals a clear downward channel. This gives us some trading ideas—trading within the upper and lower bounds of the channel, considering short positions near the highs, and looking for long opportunities near the lows.

From a technical standpoint, the 0.5 Fibonacci level is approximately at 91728, which can serve as a reference point for building positions. But the specific approach should be adjusted according to your trading habits, and you can flexibly switch between 5, 10, 15, 30, and 60-minute timeframes.

Final advice: Don't chase orders during a breakdown; patience and waiting for a clear signal is the best strategy.

BTC1,38%

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FUD_Whisperer

· 01-10 19:51

90606 If we can't hold on, then we really should be worried. By the way, I saw this downward channel coming early on. Those who chase after breakouts will eventually suffer losses. Don't be stingy with that blood and sweat money, everyone. Wait, is the 91728 level really that magical, or are we about to be fooled again? Swing trading sounds easy to talk about, but in reality, there are all kinds of variables. Switching between multiple timeframes is even more headache-inducing. Jumping back and forth between 5-minute and 60-minute charts, where exactly is the right trading signal?

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MEVHunterNoLoss

· 01-10 11:45

If you can't hold onto 90606, it's a signal to wait for death; otherwise, it's the result of chasing highs.

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MEVHunter_9000

· 01-09 16:28

90606, if we can't hold it, then goodbye. To be honest, those who chase after this breakout always suffer heavy losses.

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liquiditea_sipper

· 01-08 15:29

If 90606 doesn't hold, I'll be laughing. The old hands chasing breakdowns are getting cut again this time.

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RugDocScientist

· 01-08 08:02

If you can't hold 90606, you'll have to reconsider the bearish outlook. I don't think this correction is that simple.

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BlockchainArchaeologist

· 01-08 08:01

If we can't hold 90606, we have to admit defeat, don't fight it aggressively. Chasing orders after a breakdown is just a rookie mentality; I won't do that. Trading swings within a downtrend channel is a well-known strategy; the key is to cut losses properly. I've marked 91728; we'll wait for a signal before taking action.

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MetaverseMigrant

· 01-08 07:51

90606 Is it true that the real issue is whether to hold or not? The rookie traders who chase after breakouts in seconds are about to start performing again. --- Swing trading sounds good, but very few can repeatedly profit between the upper and lower bands. --- It's all Fibonacci sequences and multiple timeframes... Basically, it's just about market feel. Waiting for clear signals without action is the biggest loss. --- Is the 15-minute downtrend channel clear? To me, it still looks a mess. Maybe my chart is just blind. --- I hear "don't chase orders" every time, and every time someone can't resist chasing. Me too. --- This point at 91728 is interesting. Should I try to test the waters?

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CryptoGoldmine

· 01-08 07:42

From the growth curve of the computing power network, the support at 90606 is indeed interesting; maintaining it is key to stable ROI. Swing trading depends on the profit ratio; not every channel is suitable for exiting, so there's some nuance to this.

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BearMarketBard

· 01-08 07:40

The weekly chart looks okay, but the 15-minute downtrend channel is really fierce. Short positions are entered at the high points and long positions are swept at the lows. It still feels like it's all about trial and error... --- If 90606 can't hold, I'll admit defeat directly. Anyway, swing trading is basically a gamble on probabilities. --- I've been burned by chasing breakouts before. Now I prefer to miss out rather than chase. --- Fibonacci 0.5 at 91728? Place an order first and see. Anyway, I'm just idling around. --- This wave of pullback is really annoying. Want to go long but afraid it will drop again. In the end, I still choose to wait and see.

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