2026-01-07 10:59:52

$BTC 1.7 Afternoon Analysis

Continuing with the morning's analysis approach, the morning suggested first observing the retracement and then the rebound. Currently, the market has already reached the retracement zone. We initially entered at 92550 and took profit at 91698, successfully capturing over 800 points. When the market experiences significant volatility, simply enter the market and follow the current trend. Short-term outlook remains bullish, bouncing bouncing bouncing.
The price is currently at a critical level.
From the 1-hour chart, Bitcoin and Ethereum are likely to test the lower band support. If the lower band is broken, the downward space will open up, further testing the 90000 level; if the support holds, a rebound and rally are highly probable. The 4-hour moving averages are diverging bullishly, but the daily MACD histogram is shrinking, indicating a short-term correction is needed. Support levels are sequentially at 91000-90000.
Trading Suggestions
Enter at current price
Bitcoin target: 91000-90500, aiming for 93500
Ethereum target: 3180-3210, aiming for 3270

BTC1,78%

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