2026-01-08 14:28:45

The recent rally does seem somewhat rushed, but my bullish outlook on the overall trend remains unchanged. Although the price has repeatedly pulled back, the decline has always been limited, and the overall performance looks like a oscillating range—bears simply cannot break through this pattern.

The key is that the current oscillation is completely different. It’s not a rigid fixed range, but an upward oscillation with support levels continuously rising. This detail is very important because it indicates that although the bulls are under short-term pressure, the lows are gradually moving higher. That’s why I believe the main strategy should be to go long on the long-term, with only moderate short positions at higher levels.

Looking at the technical details: Bitcoin’s daily chart shows a relatively long bearish candle, indicating short-term dominance by bears. However, on the hourly chart, there are multiple wicks around 91400, suggesting support is present there. But overall, it’s still a weak oscillating trend.

The indicators also confirm this. The hourly MACD histogram remains negative, with DIF and DEA diverging downward, showing a clear bearish trend; the daily MACD has already formed a death cross, indicating that bullish momentum is waning. However, the hourly RSI is at 38.1, approaching oversold levels, which could lead to a rebound; the daily RSI is at 35, reflecting a cautious market sentiment.

Regarding moving averages, the hourly EMA7, EMA30, and EMA120 are all in a bearish alignment, indicating strong short-term pressure. The daily moving averages are also aligned similarly, with EMA7 pressing down on the price. Currently, the focus should be on the strength of the 90000 support level.

Operational suggestions are as follows:

Bitcoin can gradually build long positions around 89500, targeting the 91000 to 92000 range.

Ethereum can go long around 3100, with targets at 3150 to 3200.

BTC4,8%

ETH7,48%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

Liquidated_Larry

· 01-11 12:12

89500 this level is indeed interesting, but I'm more concerned about whether 90000 can hold, otherwise it will be another false alarm. The bottom is truly lifting, but this rebound always feels a bit weak. I agree that the support level is continuously moving up, but I'm just worried it might break again next time. I've been watching that line at 91400, and I'm counting on it in the short term. The RSI approaching oversold is good news; a rebound window should be opening. Feeling that 3100 for Ethereum is a bit rushed; better to wait for 3080 to talk about it. Long-term bullish is no problem, but short-term bearish attempts need to be handled carefully to avoid getting caught unexpectedly.

View OriginalReply0

BitcoinDaddy

· 01-10 17:06

I agree with the logic that support levels are continuously rising; the bottom gradually moving higher is indeed a good sign. The 89,500 long position setup feels like a good opportunity; the hourly RSI is almost oversold, so a rebound should be coming. This wave of bearish candles is a bit fierce; we need to see if 90,000 can hold. If it can't, we might have to retest lower levels. Ethereum around 3100 could also be tried, but the upward momentum doesn't seem as fierce as Bitcoin's.

View OriginalReply0

SelfSovereignSteve

· 01-10 01:31

The logic of support level rising is indeed solid; a higher bottom is the key. That wave at 89,500 really requires a phased entry; a full rush is not advisable. RSI is almost oversold; a rebound is just around the corner. Whether 90,000 breaks or not is the real watershed; keep a close eye on it. Ethereum is the same; the 3100 level is too attractive, can't help but want to buy the dip.

View OriginalReply0

TradFiRefugee

· 01-08 14:58

I support the continuous rise of the support level, indicating that the bears indeed lack strength. Entering a long position at 89,500 feels safer; just worried about another black swan event. Ethereum at 3100? I think we should wait a bit longer; it's easy to get caught in a trap if we jump in now. The bullish momentum is waning, so in the short term, we should be cautious and not too greedy.

View OriginalReply0

OPsychology

· 01-08 14:57

89500 is indeed an enticing level, but I still want to wait and see if 90000 can hold. I've heard the argument that support levels are continuously rising too many times; the key is whether the trading volume can keep up. RSI is almost oversold and still dropping, feels like someone is dumping the market. Long-term bullishness is fine, but this short-term oscillation is really annoying. I've been repeatedly shaken out several times. I'm interested in buying Ethereum at 3100, just waiting to see if Bitcoin can give a clear direction.

View OriginalReply0

DeadTrades_Walking

· 01-08 14:55

89,500 Can this dip turn into a rebound? Feels like we're about to get trapped again --- The idea that support levels are rising—heard it too many times before, and in the end, it just gets broken through --- RSI is already at 38 and still no rebound, this indicator is definitely a scam --- Long-term bullish talk is just noise; I just want to know if it can rise this week --- You think I believe that a lower shadow at 91,400 means anything? Come on --- Another old trick of bottoming out and moving higher; last time I heard this, I lost a lot --- If 90,000 breaks, I’ll be completely wiped out; is this really happening this time? --- Enter at 3100 ETH? Or wait for a bigger dip, no rush anyway --- MACD dead cross but still claiming support is strong—such logical flaws --- Short-term bears are dominant but still want us to go long—what a joke

View OriginalReply0

BakedCatFanboy

· 01-08 14:42

I like the logic of support levels rising; going long for the long term is fine. Entering at 89500 might be a bit aggressive; I’d still wait. RSI is so low, it should have already reversed; when will the real rebound come? I like your analysis, but this wave of volatility is a bit torturous. The rising bottom indicates that the main force is accumulating; I’ve seen this routine before. DIF and DEA are diverging downward? How much longer can the bears hold up? The death cross is just a death cross; I only believe in the 90000 line. Ethereum at this position is indeed a good entry point, but you need to be bold. In the short term, bears are dominant; in the long term, bulls are solid—both must be considered. What does the lower shadow of 91400 suggest? Is someone really bottom-fishing?

View OriginalReply0