Early trading saw Bitcoin dip to around 91,000 before rebounding. The hourly chart shows four consecutive bullish candles, indicating a solid recovery in the market. From an energy perspective, the bulls are gradually taking control, and the bottom formation is basically complete.
However, the long wicks still suggest that the bulls and bears are currently in a tug-of-war. This stalemate won't last long—look at the KDJ lines starting to accelerate and diverge upward, and the MACD has also shifted from negative to positive. A rebound is really just a matter of time.
Trading suggestion: Consider a bullish position for Bitcoin in the 90,800 to 91,400 range, with a key resistance near 93,000. Similarly, for Ethereum, enter between 3,130 and 3,150, targeting 3,250. The rhythm of Bitcoin and Ethereum is basically synchronized, so they can be tracked together.
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LiquidationAlert
· 01-08 02:55
Four consecutive bullish candles indicating the bottom is complete—I've seen this trick too many times, haha.
How does the MACD turning positive always manage to fool me once... Is this time really different?
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bridge_anxiety
· 01-08 02:42
This position at 90800 is indeed attractive, but I'm worried it might just be another fake rebound...
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ImpermanentPhilosopher
· 01-08 02:40
Four bullish candles and you want to trick me into bottom fishing? I've seen this trick too many times.
The bottom may indeed be in, but is that 93,000 level really that easy to cross? Don't you have any sense of reality?
Early trading saw Bitcoin dip to around 91,000 before rebounding. The hourly chart shows four consecutive bullish candles, indicating a solid recovery in the market. From an energy perspective, the bulls are gradually taking control, and the bottom formation is basically complete.
However, the long wicks still suggest that the bulls and bears are currently in a tug-of-war. This stalemate won't last long—look at the KDJ lines starting to accelerate and diverge upward, and the MACD has also shifted from negative to positive. A rebound is really just a matter of time.
Trading suggestion: Consider a bullish position for Bitcoin in the 90,800 to 91,400 range, with a key resistance near 93,000. Similarly, for Ethereum, enter between 3,130 and 3,150, targeting 3,250. The rhythm of Bitcoin and Ethereum is basically synchronized, so they can be tracked together.