Thursday Morning Review



Regarding Bitcoin, the market continued to weaken overnight, dropping to around 91,800 before slightly rebounding. After touching 90,600 and facing resistance, a rebound occurred. The daily chart shows a shrinking lower shadow with a bearish body, indicating a downtrend. The four-hour timeframe shows increasing bearish momentum approaching the lower support zone, with clear signs of decreasing volume on the hourly chart. Short-term signs of a reversal are emerging, with some rebounds appearing. It is recommended to enter long positions at support levels, adopting a strategy of buying on dips during the day. Consider entering around the 91,000-90,500 range, targeting near 92,000-92,500.

For Ethereum, the current weak zone is around 3,150-3,125, with potential for a rebound toward 3,200-3,225.
BTC3,26%
ETH3,65%
SOL3,11%
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UncleLiquidationvip
· 01-09 08:57
90600 has been bought again. Can you please stop cutting my leeks this time?
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AlgoAlchemistvip
· 01-09 02:47
Is this support level at 90600 really solid? It feels like it will either break through or get smashed through.
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BearMarketBrovip
· 01-08 21:46
Did that support at 90600 really hold? Feels like this rebound is a bit weak.
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CrossChainMessengervip
· 01-08 01:15
I really missed the 90600 level, I hurriedly missed it this morning.
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fren_with_benefitsvip
· 01-08 01:14
The 90600 level has really held firm; a rebound is still coming.
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LiquidationWatchervip
· 01-08 01:08
Is this support level at 90600 really holding? It feels like the bottom hasn't been reached yet.
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MoneyBurnerSocietyvip
· 01-08 01:06
It's another time to buy the dip, right? You said the same last time. I'm still holding at 90,600. Professional leek warning.
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WealthCoffeevip
· 01-08 00:56
Can 90600 bounce back? Seems unlikely to me --- Here we go talking about support levels again, what I really want to know is if it can hold this time --- Wait, is 3150 really the bottom... feels like it could drop further --- Did the longs already enter, I'm still on the sidelines --- People say buy the dip every day, but when the dip comes everybody runs --- Can 92500 really be reached? You sound so confident I don't believe it anymore --- Volume is contracting on this bounce, usually means you gotta be careful --- Who's actually brave enough to catch the bottom on ETH at this level --- Support levels, support levels... they're all just decorations when it matters --- Looks like a bounce, but feels like another bear market relief rally trap
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