2026-01-09 18:26:52

Last Friday, the crypto world experienced another reversal—everyone was waiting for a breakout that never came, instead, prices kept pulling back within a range. This is a classic scenario of bulls and bears tearing at each other.

Bitcoin formed a standard W-shaped pattern, first dropping to a low of 89,600, then rebounding to around 92,000. Ethereum followed closely behind. The seemingly fierce decline is actually just brewing for the next move.

Real trading gains have been quite good. During the day, the high-level short position on Bitcoin earned 1,328 points, and Ethereum gained 42 points; in the evening, a second short on Bitcoin collected another 600 points, allowing for a timely exit to avoid subsequent risks.

From a technical perspective, the bullish signals are quite clear. The four-hour chart shows a double bottom with a MACD about to form a golden cross, and the hourly Bollinger Bands upper band is testing upward. Based on these signals, the subsequent strategy is as follows: consider going long on Bitcoin around 91,000, targeting 93,000; for Ethereum, position around 3,100 with a target of 3,200. The market rhythm is still ongoing, and the key is to seize those moments confirmed by technical signals.

BTC-0,61%

ETH-0,86%

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CoffeeOnChain

· 01-12 04:29

Another day of tug-of-war, my orders have already run away haha

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BTCRetirementFund

· 01-11 21:17

It's the same old story again—clear technicals, golden cross, Bollinger Bands. Why do I feel like I'm hearing this story every week? I've heard about the W pattern so many times that my ears are calloused. When it comes to actually making money, who cares what pattern it is? 1328 points is quite a lot, but honestly, the best at this game are just armchair quarterbacks telling stories after the fact.

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TokenomicsShaman

· 01-09 18:57

It's the same old playbook, the W-shaped bottoming pattern is a familiar story. Let's see if it can truly break below 93 later.

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NotFinancialAdviser

· 01-09 18:57

Hmm, the W-shaped reversal is here again. Those who can profit from the repeated tug-of-war are the quick-handed ones. Why is it another double bottom? This routine happens every year. 1328 points sounds great, but we still need to watch the retracement. A good technical setup doesn't guarantee the market will cooperate. Going long at 91,000? I'll observe first before making a move to avoid getting trapped again. Last time I mentioned a target of 3200, but what happened? Still, it's wise to stay cautious. During the tug-of-war between bulls and bears, it's easiest to get caught. Exiting in time is indeed a smart move. For this round of market, I'll just watch the excitement. I'll act once there's a clear signal.

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WalletWhisperer

· 01-09 18:55

Another plot twist, where is the expected explosion? 1328 points, that's a bold move. Why didn't I buy in... The Bollinger Bands are back. Every time they say a golden cross will trigger a rise, but in the end, it's all about luck. Entering Ethereum at 3100, feels a bit early, brother. Talking all this nonsense, it's better to just say whether you're making money or not. The W pattern looks like an M to me. Are you sure? Those who exited in time have all made a fortune. We, the greedy ones, are doomed to be the bottom feeders. Someone is trying to buy the dip around 91,000 again. Is this really happening this time?

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MoonRocketman

· 01-09 18:41

91000 is indeed a good launch window, as the Bollinger Bands haven't fully opened yet. The MACD golden cross is coming, fuel replenishment should be done early, then directly break through the atmosphere. The W-shaped bottoming pattern is just like that, a typical gravity correction, the key is to calculate the escape velocity accurately. Double needle bottoming with a golden cross, this combo is still statistically favorable, it all depends on who reacts faster. The points are all set here, the target height of 93000 must be maintained, otherwise this launch opportunity will be wasted.

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TestnetNomad

· 01-09 18:36

Damn, it's reversed again. Why does it always go the opposite way whenever I enter? Wait, are you saying 91000 is a good entry point? Feels a bit uncertain. 1328 points? Bro, you're playing this game pretty aggressively. How did I not see this W pattern... I need to do some more homework. Another premonition of being cut off again.

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