2026-01-07 11:10:46

Wednesday Market Observation:

BTC dropped quite quickly from 93800, falling straight to 92200, then rebounded to around 93000 at midday, but unfortunately couldn't hold, and then dropped again to 91500. The daily candlestick shows decreasing volume and a bearish close, and the four-hour chart has already started breaking downwards, approaching the support level at 90800. The hourly trend looks like a wedge pattern downward, indicating some technical weakness. Overall, the evening market remains bearish, and once a rebound occurs, it may be a good opportunity to consider short positions.

Specifically, on Wednesday evening, BTCv faces resistance in the 92300-92600 range. If it breaks downward, the target support levels are around 91100-90800.

ETH shows a similar pattern, with a high point around 3235-3255. Looking downward from here, 3180-3160 is a key support level, which can be used as a reference for trading.

Continuing to be optimistic about shorting opportunities for $BTC, $ETH, and $SOL.

BTC0,37%

ETH0,66%

SOL0,93%

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CodeAuditQueen

· 01-10 02:41

The shrinking volume and closing in the red is a pattern I've seen too many times. Just like reentrancy attacks in smart contracts, it seems like a vulnerability but is actually a trap. The line at 92300 might be the trap to lure in stop-losses.

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CountdownToBroke

· 01-08 08:47

Selling off again, this rhythm is too abstract. Shorting on a rebound? I feel like this time it might break below 90,800.

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BearMarketBro

· 01-08 02:35

Starting to break again, if 92300 breaks, it will head straight to 90800. We need to see more of this movement.

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MysteryBoxBuster

· 01-07 11:39

It's dropping again. This rebound really has no strength, and with shrinking volume, the bears are even more aggressive. Continue to hold the high-position strategy and wait for the rebound to re-enter.

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MetaverseLandlady

· 01-07 11:30

It's been going up and down again. This market is really nerve-wracking. I still need to wait for a rebound to go short. I'm a bit tired.

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BoredStaker

· 01-07 11:20

Here we go again, crashing the market. This rhythm is really annoying... --- If the resistance level at 92,300 can't be broken, the bears can still keep playing. --- Waiting for a rebound to around 93,000 before shorting again? I think it's uncertain; this time, I feel there's not enough confidence. --- ETH following BTC, huh? If it can't hold 3,180, then it's really embarrassing. --- Wedge downward pressure... weak technicals + shrinking volume, this combo should definitely be watched carefully. --- Whether 90,800 will hold or not is still unknown; don't be too optimistic with a bearish mindset. --- How can SOL still be optimistic? It has been the most aggressive follower during this period. --- Heard too many times that a rebound is a good time to short; every time, it's just a rebound, then another rebound.

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Blockchainiac

· 01-07 11:20

Once again, it's plunging. This wave directly hit 91,500, and the trading volume has shrunk. It feels like it might break below 90,800. The technical aspect is indeed a bit weak.

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MevHunter

· 01-07 11:16

Is it crashing again? I told you that the shrinking volume was suspicious, and the downward break was obvious long ago.

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