After consecutive gains, the Bitcoin daily chart suddenly shows a significantly bearish candle, but a single K-line is not enough to confirm a trend reversal; short-term correction is a normal pullback.
From a technical perspective, the 4-hour timeframe price has stabilized near the lower band of the Bollinger Bands, indicating limited downside potential. However, the downward gap has not been fully filled, and there is a possibility of further downside in the short term. This means that the risk of a rebound could occur at any time, and close observation is necessary.
Key data overview: - Intraday resistance level: around 91,500 - Intraday support level: around 90,000 - Short-term trading range: around 90,200-90,500 for long positions, targeting 92,000
In the current pattern, a correction may not be a bad thing. Bottom stabilization often signals the prelude to the next upward wave. Exercise caution by monitoring price behavior at key levels, and wait for clear signals before taking action—this is the prudent trading approach.
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GasFeeGazer
· 15m ago
Here we go again with the same rhetoric, Bollinger Bands, gaps, support levels... Honestly, every time there's a correction, it's said that "the bottom is stabilizing as a prelude." But can it really stop if it hits the bottom?
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The 90,000 level feels a bit risky; I dare not touch it.
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Is a single candlestick not enough to confirm? Fine, I'll wait for two more.
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Still the same advice: don't make reckless moves without clear signals; taking losses is the worst.
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Is 92,000 the target? That requires breaking through 91,500 first. So many resistance levels are a bit annoying.
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I'm tired of hearing that normal corrections are just a retracement.
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The gap not being filled is indeed something to watch out for.
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DAOdreamer
· 7h ago
It's the same old story... Trying to scare people with just a single bearish candle? The real bottom hasn't been reached yet, don't be too optimistic.
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CommunityWorker
· 01-08 04:56
Coming again with a single bearish candle to scare people? I don’t believe you, let’s wait for the signal to confirm.
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Whether the critical support at 90000 can hold is the key; don’t overthink it.
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The lower band of the Bollinger Bands stabilizing... sounds good, but I still need to see if 90200 can really hold.
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Adjustment is a good thing, I’ve heard that too many times. I just want to know when it will return above 91500.
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Another prelude to bottom stabilization? What if it continues to fall then? Better to be cautious.
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GateUser-e19e9c10
· 01-08 04:55
They're at it again, calling a single bearish candle a correction? I think they're just trying to scare people away.
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TokenomicsTrapper
· 01-08 04:51
lmao "textbook greater fool theory" setup if i've ever seen one... actually if you read the chart, that gap-fill narrative is classic exit pump language. watch those vesting unlocks hit right on schedule 👀
After consecutive gains, the Bitcoin daily chart suddenly shows a significantly bearish candle, but a single K-line is not enough to confirm a trend reversal; short-term correction is a normal pullback.
From a technical perspective, the 4-hour timeframe price has stabilized near the lower band of the Bollinger Bands, indicating limited downside potential. However, the downward gap has not been fully filled, and there is a possibility of further downside in the short term. This means that the risk of a rebound could occur at any time, and close observation is necessary.
Key data overview:
- Intraday resistance level: around 91,500
- Intraday support level: around 90,000
- Short-term trading range: around 90,200-90,500 for long positions, targeting 92,000
In the current pattern, a correction may not be a bad thing. Bottom stabilization often signals the prelude to the next upward wave. Exercise caution by monitoring price behavior at key levels, and wait for clear signals before taking action—this is the prudent trading approach.