2026-01-01 16:24:28

Early Morning Bitcoin and Ethereum Market Analysis

From the four-hour chart, the morning’s sharp rise followed by a pullback is actually a normal technical correction, with steady buy support below. The market is currently trading time for space, oscillating while accumulating energy. The overall central structure remains quite solid, and the upward foundation has not been broken.

Looking at the one-hour chart, the situation is even more interesting—after continuous adjustments, the price has clearly stopped falling. The lows are getting higher, indicating that the bearish pressure is indeed weakening. During the rebound, the volume has not yet fully released, but this is normal during the oscillation correction phase, suggesting the market is quietly accumulating upward momentum.

The overall technical pattern is building up strength, laying a solid foundation for a subsequent upward breakout.

**Trading Strategy:**
- Bitcoin can consider going long around 87,500, with a target of 89,000 above.
- Ethereum can consider going long around 2,960, with a target of 3,050 above.

BTC1.18%

ETH0.9%

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ShitcoinConnoisseur

· 6h ago

87,500 to buy the dip in Bitcoin? I think we should wait a bit longer; this correction isn't that simple. Don't get fooled into it, okay?

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GhostInTheChain

· 6h ago

Hey, it's that "building up momentum" routine again. How come I see this phrase every time?

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StakoorNeverSleeps

· 6h ago

Are the brothers who entered at 87,500 feeling good now? I just want to know.

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DevChive

· 6h ago

87,500 bottomed out Bitcoin. Can this wave break 89,000? Feels a bit uncertain. But speaking of which, this wave does have a bit of a buildup feeling, with trading volume gradually accumulating. I'm actually thinking of buying around 2,960 for Ethereum, but I'm worried it might be a trap again. The continuous raising of the lows is still somewhat meaningful, indicating that the bears are indeed losing momentum. Let's wait for a breakout before making a move; currently, everyone is just catching the bag.

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rug_connoisseur

· 6h ago

I've been lurking at 87,500 for a while, just waiting for this momentum surge...

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Token_Sherpa

· 6h ago

ngl this "accumulating energy" narrative hits different when you've seen three bull traps in a row... sure the structure looks clean on paper but where's the actual *velocity* here? low volume relief bounces aren't exactly screaming conviction to me

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