2026-01-08 02:28:24

Today's market outlook is as follows——

From the daily chart, a large bearish candle has closed below the 30-day moving average, forming a clear downward pressure. Looking at the 2-hour chart, consecutive bearish candles have formed a descending channel, with the 7-day and 30-day moving averages all broken through, only the 120-day moving average (around 90750) is still holding up.

On the technical indicators, the 2-hour MACD below the zero line shows the green bars continuously expanding, indicating that the bearish momentum is strengthening. However, on the daily level, the MACD remains above the zero line, and the upward trend framework of the larger cycle has not been broken, which is very important.

In terms of operation, BTC can look for short opportunities in the range of 91500 to 92000, with the lower target around 90000 to 89000.

BTC3,18%

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SoliditySurvivor

· 01-09 11:14

This level at 90750 is a bit risky; the 120-day moving average could be broken at any time... If it really drops, I estimate it will have to be a quick move down to 89000.

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PanicSeller

· 01-08 17:50

The 120-day moving average support is really quite strong this time; the bears haven't fully taken over yet.

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NewDAOdreamer

· 01-08 02:58

The 120-day moving average line is really stable, it feels like the final fortress. Once it breaks, you need to take it seriously.

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Token_Sherpa

· 01-08 02:56

yo the timeframe divergence here is actually the only thing keeping me from going full bear mode... 120d still holding while 2h gets shredded? that's not exactly screaming capitulation ngl

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ChainMelonWatcher

· 01-08 02:52

The 120-day moving average is holding firm, and this detail is interesting. As long as the larger cycle isn't broken, don't rush to be bearish. The green bars on the hourly chart getting larger doesn't mean it will drop to 89,000.

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BlockchainNewbie

· 01-08 02:50

Can the 120-day moving average hold this barrier? It feels a bit uncertain.

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LiquidatedNotStirred

· 01-08 02:48

The 120-day moving average can't hold anymore, feels like this wave is about to break

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