The early session price touched below 91,000 before rebounding. The hourly chart shows four consecutive bullish candles, indicating a clear recovery trend. The short-term bullish outlook previously suggested has been largely validated. Currently, the hourly bullish momentum is gradually gaining dominance, and the bottoming process is also essentially complete.
Although longer upper shadows can still be seen on the hourly chart, indicating ongoing tug-of-war between bulls and bears, the technical indicators tell a different story. The KDJ lines are accelerating upwards and diverging, and the MACD has shifted from bearish to bullish. All these signals point in one direction—the subsequent rebound is only a matter of time.
Strategy-wise, maintain a bullish stance and participate in dips. Specifically, for BTC, consider going long around 91,000, with a target near 92,500; for ETH, look for entry opportunities around 3,130, with attention to the 3,250 range above. Buy on dips; this approach remains unchanged for now.
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PoetryOnChain
· 01-10 16:02
What do four consecutive bullish candles indicate? It means the big players are absorbing the supply. Try testing the waters at over 91,000.
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LiquidationAlert
· 01-10 02:43
Another set of technical indicators to justify, claiming the bottom is complete every time haha
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BetterLuckyThanSmart
· 01-09 16:17
It's bouncing back again. I know this routine well. The combination of KDJ and MACD is indeed effective, but with such long shadows, you still need to be cautious and avoid getting cut.
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ContractTearjerker
· 01-08 08:13
Well, I've heard "the bottom is in" too many times. Is this one real or fake?
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SatoshiHeir
· 01-08 02:54
Talking about technical indicators again, the KDJ and MACD framework is essentially a reflection of market psychology. It should be noted that your 91,000 entry point lacks on-chain data support.
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not_your_keys
· 01-08 02:43
It's the same old story, bottoming out completed, bulls taking control... how many times have I heard that?
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SelfCustodyBro
· 01-08 02:42
Hmm, looking at the indicators, it's quite interesting. I just don't know if this wave can reach 92,500. It feels like the bulls and bears are still tugging.
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SighingCashier
· 01-08 02:42
Hmm, this round is indeed interesting. The move at 91,000 didn't crash but instead pulled up. Looks pretty good.
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BridgeJumper
· 01-08 02:42
Hey, the bottom does feel a bit like a bottoming out, but can this rebound hold up to 92,500? It's a bit uncertain.
The early session price touched below 91,000 before rebounding. The hourly chart shows four consecutive bullish candles, indicating a clear recovery trend. The short-term bullish outlook previously suggested has been largely validated. Currently, the hourly bullish momentum is gradually gaining dominance, and the bottoming process is also essentially complete.
Although longer upper shadows can still be seen on the hourly chart, indicating ongoing tug-of-war between bulls and bears, the technical indicators tell a different story. The KDJ lines are accelerating upwards and diverging, and the MACD has shifted from bearish to bullish. All these signals point in one direction—the subsequent rebound is only a matter of time.
Strategy-wise, maintain a bullish stance and participate in dips. Specifically, for BTC, consider going long around 91,000, with a target near 92,500; for ETH, look for entry opportunities around 3,130, with attention to the 3,250 range above. Buy on dips; this approach remains unchanged for now.