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.
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UncleLiquidation
· 01-09 08:57
90600 has been bought again. Can you please stop cutting my leeks this time?
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AlgoAlchemist
· 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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BearMarketBro
· 01-08 21:46
Did that support at 90600 really hold? Feels like this rebound is a bit weak.
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CrossChainMessenger
· 01-08 01:15
I really missed the 90600 level, I hurriedly missed it this morning.
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fren_with_benefits
· 01-08 01:14
The 90600 level has really held firm; a rebound is still coming.
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LiquidationWatcher
· 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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MoneyBurnerSociety
· 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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WealthCoffee
· 01-08 00:56
Can 90600 bounce back? Seems unlikely to me
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Here we go talking about support levels again, what I really want to know is if it can hold this time
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Wait, is 3150 really the bottom... feels like it could drop further
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Did the longs already enter, I'm still on the sidelines
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People say buy the dip every day, but when the dip comes everybody runs
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Can 92500 really be reached? You sound so confident I don't believe it anymore
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Volume is contracting on this bounce, usually means you gotta be careful
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Who's actually brave enough to catch the bottom on ETH at this level
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Support levels, support levels... they're all just decorations when it matters
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Looks like a bounce, but feels like another bear market relief rally trap
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.