Bitcoin completed its bottoming process below the $91,000 mark this morning and then launched a decisive rebound. On the hourly chart, four consecutive bullish candles have already formed, indicating a clear pace of recovery in the market. The bullish outlook observed in the early morning has been validated in the live trading environment, and the current hourly bullish momentum continues to dominate. The bottom-building phase is essentially complete.
Although there are some long shadows on the hourly chart indicating short-term tug-of-war between bulls and bears, the technical indicators present a very clear picture. The three lines of the KDJ are accelerating upward and diverging, and the MACD has shifted from negative to positive. The resonance signals of these two indicators further confirm the inevitability of the rebound. Based on these factors, the short-term bullish outlook remains unchanged, and the main strategy now is to buy on dips.
Specifically, it is advisable to consider going long in the range of approximately 91,000 to 90,300. The initial target zone is around 92,500 to 93,500. If a volume breakout occurs later, it can be followed up to target the previous resistance zone near 93,500.
However, it is important to note that the current market is in a phase of oscillation and digestion at high levels, with intense battles between bulls and bears. Therefore, strict risk management and position control are essential. Also, pay attention to macroeconomic factors, such as whether cooling US inflation data will bring more easing expectations, and the progress of upcoming legislation votes related to the crypto industry. After taking profits, remember to gradually lock in gains and keep some positions to participate in the continuation of the trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
7
Repost
Share
Comment
0/400
0xInsomnia
· 01-10 22:53
It's the same old story... KDJ turning positive and MACD breaking out, I've heard it so many times my ears are almost calloused. But this wave is indeed a bit interesting; the bottom test was quite solid.
View OriginalReply0
BTCWaveRider
· 01-10 07:19
Starting to say the bottom is complete after four bullish candles, but I feel like I've seen this trick before... Listening to retracements and adding positions is easy, but when it comes to critical moments, it still depends on whether the macro environment will give us face.
View OriginalReply0
MetaNomad
· 01-08 02:55
It's the same old story, KDJ turning positive, MACD resonance... Every time it's said like this, but what's the result? It still depends on the Federal Reserve's mood.
View OriginalReply0
DegenMcsleepless
· 01-08 02:50
It's the same story again... Four consecutive bullish candles confirm a rebound? I think this move might just be a trap to lure more buyers, don't be scared off too easily.
View OriginalReply0
HalfPositionRunner
· 01-08 02:41
After bottoming out, it rebounds immediately. This rhythm is indeed comfortable, with four consecutive bullish candles here. The KDJ has turned positive, and MACD has also caught up. There's nothing much to say about the bulls.
View OriginalReply0
GasFeeNightmare
· 01-08 02:41
Another rebound, another rebound. I stayed up for two hours late at night just for this market movement, and the gas fees have eaten up half of the profit.
View OriginalReply0
AllInAlice
· 01-08 02:41
The rebound at the 90,000 level feels like another round of harvesting the little guys... It was said the same way last time.
Bitcoin completed its bottoming process below the $91,000 mark this morning and then launched a decisive rebound. On the hourly chart, four consecutive bullish candles have already formed, indicating a clear pace of recovery in the market. The bullish outlook observed in the early morning has been validated in the live trading environment, and the current hourly bullish momentum continues to dominate. The bottom-building phase is essentially complete.
Although there are some long shadows on the hourly chart indicating short-term tug-of-war between bulls and bears, the technical indicators present a very clear picture. The three lines of the KDJ are accelerating upward and diverging, and the MACD has shifted from negative to positive. The resonance signals of these two indicators further confirm the inevitability of the rebound. Based on these factors, the short-term bullish outlook remains unchanged, and the main strategy now is to buy on dips.
Specifically, it is advisable to consider going long in the range of approximately 91,000 to 90,300. The initial target zone is around 92,500 to 93,500. If a volume breakout occurs later, it can be followed up to target the previous resistance zone near 93,500.
However, it is important to note that the current market is in a phase of oscillation and digestion at high levels, with intense battles between bulls and bears. Therefore, strict risk management and position control are essential. Also, pay attention to macroeconomic factors, such as whether cooling US inflation data will bring more easing expectations, and the progress of upcoming legislation votes related to the crypto industry. After taking profits, remember to gradually lock in gains and keep some positions to participate in the continuation of the trend.