January 8th BTC and ETH Technical Outlook

A few days ago, when Bitcoin surged to 94,500, I kept warning everyone not to chase the high; this wave was bound to retrace. The facts have proven this to be true. After these two days of decline, the bottom has basically been reached.

From the four-hour K-line perspective, the situation is quite clear. The price is steadily stuck at the lower band of the Bollinger Bands, with decent support below. The KDJ indicator had already fallen into the oversold zone and is now turning upward. The J line is about to break above the K and D lines, forming a golden cross. The MACD red histogram is gradually shrinking, indicating that the bearish momentum has significantly weakened, and the bulls are about to launch a counterattack.

My personal trading approach is as follows:

For BTC, consider accumulating in stages within the 90,700 to 89,500 range, with an initial rebound target of 92,000 to 93,000.

For ETH, similarly, position within the 3,140 to 3,100 range, aiming for 3,200 to 3,250.

This correction is not large; it’s just normal high-level consolidation, and there is still room for subsequent rebounds.