Looking at the Bitcoin daily chart, the price is oscillating between the middle and upper bands of the Bollinger Bands. The support level for the medium-term upward trend has not been broken, which is a good sign. However, although the MACD is above the zero line, the histogram is continuously shrinking, indicating that the bullish momentum is weakening. Overall judgment — Bitcoin is currently in a technical consolidation phase and has not yet established a clear direction.
How to operate? Consider shorting if it rebounds to the 91200-91800 range, with targets at 90000-89500. Holding this position if it can stay above this level is very important for subsequent rebounds.
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gas_guzzler
· 01-11 23:09
91200, this line really can't hold, I bet it will fall down
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SoliditySurvivor
· 01-11 23:08
Bro, seeing the MACD histogram shrinking really makes me uncomfortable. It feels like the bulls are really losing momentum.
That 91200 level is definitely worth a try, but I'm still hesitant and don't dare to go all-in on short positions.
Bitcoin's consolidation this time is a bit frustrating. When will it give us a clear direction?
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UncleWhale
· 01-11 23:07
I've never understood the MACD histogram shrinking part; it feels like it's just a fake-out every time.
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LiquidityHunter
· 01-11 23:06
91200 rebound short? I think we still need to wait, feels like the bottom hasn't been fully explored yet.
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LiquidationHunter
· 01-11 23:05
With such obvious bearish signals, why are people still chasing longs? Wake up everyone, the shrinking MACD bars are giving a signal.
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OnchainDetectiveBing
· 01-11 23:05
Starting to organize again, this bullish trend really isn't impressive.
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SolidityStruggler
· 01-11 22:49
Here we go again with this set: Bollinger Bands, MACD, support levels... It sounds quite professional, but I wonder if it's possible to catch the bottom, haha.
#密码资产动态追踪 BTC daily trend observation (January 12)
Looking at the Bitcoin daily chart, the price is oscillating between the middle and upper bands of the Bollinger Bands. The support level for the medium-term upward trend has not been broken, which is a good sign. However, although the MACD is above the zero line, the histogram is continuously shrinking, indicating that the bullish momentum is weakening. Overall judgment — Bitcoin is currently in a technical consolidation phase and has not yet established a clear direction.
How to operate? Consider shorting if it rebounds to the 91200-91800 range, with targets at 90000-89500. Holding this position if it can stay above this level is very important for subsequent rebounds.
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