2026-01-09 19:21:13

BTC surged to a high of 91,999 on the 1-hour chart and then quickly corrected. The current price of 90,566.9 has broken below the short-term moving averages MA5 (91,087.9), MA10 (90,735.7), and MA20 (90,797.6), indicating a clear technical shift to bearish.

From the indicators, the RSI(6) is now at 43.2, in a neutral to slightly weak zone, while the MACD still shows a red histogram, but the DIF value(-8.8) has fallen far below the DEA value(-46.7), suggesting that the bullish momentum has significantly weakened. Combined with the price action, this wave of high-level distribution signs is quite prominent.

The technical suggestion is to open a short position at the current price of 90,566.9, with a stop-loss set above the previous high of 91,999.0 for better safety. For targets, the first target can be around 89,632.8 (the 24-hour low), and the second target aims at the psychological level of 89,000.

If you are a trend trader, you should firmly hold this short position; short-term traders might consider taking partial profits at key support levels, which is more prudent. However, be especially cautious—once the price breaks below, it could trigger a chain of selling pressure, and volatility may become quite intense.

BTC2,84%

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ForkItAll

· 01-12 06:48

Once again, it's the same high-level dump routine, I almost got cut again. --- Having suffered from this a few times, now I just pull back when I see the moving averages break, not playing anymore. --- Short positions are easy to hit, just afraid of breaking below 89,000 and then rebounding. This coin is really bipolar. --- RSI is so weak, still want to push? Dream on, brother. --- Stop loss at 91,999? Feels safer to set it a bit higher, worried about a false dip. --- I already said hold the position and watch the trend, but I got caught in a rebound again, my mentality is collapsing. --- It's almost at 89,632. Is it really that easy to reach the first target? --- Even the MACD is diverging. I took this short position, praying it doesn't reverse and crash. --- No matter how good the technical analysis sounds, a positive news can cause a crash. I stopped believing in this stuff a long time ago. --- Taking partial profits is a bit greedy, should exit completely at 89,000.

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DuskSurfer

· 01-12 05:01

Yeah, this wave is indeed a bit uncertain, all moving averages are empty. I entered a short position at 91.8 a while ago, now I'm just hoping to reach 89. The bulls are really struggling this time, and the significant drop in DIF is a bit frightening.

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ETH_Maxi_Taxi

· 01-09 19:51

Here we go again with this set? Every time you say the transfer is empty, and then it rebounds, proving you wrong. I'll just see how many hours this can last this time.

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BanklessAtHeart

· 01-09 19:49

Hmm, it's the same old trick of selling at high prices. Let's wait and see if it reaches 89,000.

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StakeTillRetire

· 01-09 19:49

Here we go again, the story of dumping at high prices. I heard the same thing last time too, haha.

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zkProofInThePudding

· 01-09 19:47

Going short again? Bro, are you serious this time? Haven't you learned your lesson from last time?

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HalfIsEmpty

· 01-09 19:46

Selling at a high position again? I'm getting a bit annoyed; it's the same trick every time.

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NestedFox

· 01-09 19:37

It's the same trick again, trapping buyers at high levels and then dropping the price again. Retail investors should prepare to buy the dip.

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HashBard

· 01-09 19:26

the bulls really overplayed their hand at 91,999 lol... now we're watching the whole thing unravel like a badly written second act. ma5, ma10, ma20 all broken? that's not a dip, that's a narrative collapse.

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