Recently reviewed the 1-hour chart of Bitcoin, and the market is showing several interesting signals. I want to share some recent trading ideas with everyone.
From a technical perspective, Bitcoin is currently oscillating around 91,712, being suppressed by the middle band of the Bollinger Bands, and overall trading in the lower-middle range. A detail worth noting is that this price level has been tested multiple times without a significant breakdown, indicating some buying support at the bottom.
Although the MACD indicator is still below the zero line, the green bars are gradually shrinking, and the fast and slow lines are approaching each other, which usually suggests that the bearish momentum is weakening. Plus, there have been no new lows recently, indicating that the overall weakness shows signs of recovery.
Based on these signals, I believe that directly chasing short positions at this stage is not very cost-effective. Instead, you can look for a short-term rebound opportunity:
**Entry Zone**: Around 91,650-91,800, especially when retesting without breaking previous lows
**Stop Loss**: Set below 91,450, and avoid stubbornly holding
**Target Levels**: First target around 92,500; second target around 93,000
It’s important to emphasize that this is purely a technical short-term rebound idea, not a major trend reversal. Therefore, quick in and out is the principle—take profits when targets are reached and avoid greed. If the price volume breaks below 91,500, the bullish logic invalidates, and you must exit decisively.
The market is never wrong; our job is to respect signals, execute plans, and manage risks properly.
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SchroedingersFrontrun
· 01-08 22:30
I need to monitor the 91800 level; I'm very familiar with this set of green bars contracting.
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ImpermanentPhobia
· 01-07 10:56
That 91,650 area does look promising, but I'm just worried that the rebound might not have fully started before it gets hammered down.
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PositionPhobia
· 01-07 10:55
I'm observing the 91650 to 91800 range, but I still feel that the rebound potential is limited.
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consensus_failure
· 01-07 10:47
The middle band of the Bollinger Bands acting as resistance... I've heard this explanation too many times, but what's the result?
Recently reviewed the 1-hour chart of Bitcoin, and the market is showing several interesting signals. I want to share some recent trading ideas with everyone.
From a technical perspective, Bitcoin is currently oscillating around 91,712, being suppressed by the middle band of the Bollinger Bands, and overall trading in the lower-middle range. A detail worth noting is that this price level has been tested multiple times without a significant breakdown, indicating some buying support at the bottom.
Although the MACD indicator is still below the zero line, the green bars are gradually shrinking, and the fast and slow lines are approaching each other, which usually suggests that the bearish momentum is weakening. Plus, there have been no new lows recently, indicating that the overall weakness shows signs of recovery.
Based on these signals, I believe that directly chasing short positions at this stage is not very cost-effective. Instead, you can look for a short-term rebound opportunity:
**Entry Zone**: Around 91,650-91,800, especially when retesting without breaking previous lows
**Stop Loss**: Set below 91,450, and avoid stubbornly holding
**Target Levels**: First target around 92,500; second target around 93,000
It’s important to emphasize that this is purely a technical short-term rebound idea, not a major trend reversal. Therefore, quick in and out is the principle—take profits when targets are reached and avoid greed. If the price volume breaks below 91,500, the bullish logic invalidates, and you must exit decisively.
The market is never wrong; our job is to respect signals, execute plans, and manage risks properly.