2026-01-09 21:24:43

Bitcoin Morning Review: Starting from the afternoon low of 89,650, the price rebounded quickly, driven by the US stock market opening, reaching around 91,983. Ethereum followed suit, steadily rising from a low of 3,056 in the evening, and surged to around 3,144 after the US market opened.

On the four-hour chart, although the price recorded a small consecutive bullish candle bottoming out and tested above the middle band of the Bollinger Bands, it was followed by a long upper shadow candle that directly gave back the rebound gains, bringing the price back near the starting point. Moving to the one-hour level, after touching the upper Bollinger Band, a rapid decline with consecutive bearish candles brought the price below the middle band. Short-term bulls still have support, but it’s clear that momentum is waning.

As the weekend approaches, market activity declines, and after continuous dips, technical correction is needed. The night trading strategy is mainly to go long and buy on dips.

Specific suggestions: Bitcoin can be positioned long in the 89,500-90,000 range, targeting around 92,000; Ethereum is suitable for long entries in the 3,040-3,060 range, with attention to the 3,150 level above.

BTC-4,73%

ETH-5,59%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
7
Repost
Share

Comment

0/400

PanicSeller

· 01-12 19:21

I threw up again, which is why I hate weekends.

View OriginalReply0

LiquidityNinja

· 01-12 19:03

It crashed again. This rebound is really exhausting; the momentum indeed seems to be clearly diminishing.

View OriginalReply0

RegenRestorer

· 01-09 21:54

Again, it crashed. The rebound didn't even last two hours, and I still have to watch this crappy market over the weekend.

View OriginalReply0

RektButAlive

· 01-09 21:49

It broke out again. This round feels a bit fake.

View OriginalReply0

TestnetScholar

· 01-09 21:48

The weekend's volatility was indeed tough. If you're going to go long, you still need to be cautious and not get crushed too hard. I also felt the decay of momentum. It seems we have to wait until Monday to see the clear direction. Touching around 89,500 is still okay, but I don't dare to go all in. It's again driven by the US stock market. When will we see a autonomous rally? ETH at this level still doesn't look cheap enough. Let's wait a bit longer. The Bollinger Bands are repeatedly testing, a classic standoff situation. It's so boring. With such poor liquidity over the weekend, who dares to hold heavy positions? We need to break through 92,000 first, then 89,500. The logic doesn't add up. I'm confident in the bullish support, but the decay signal is too painful. Going long is fine, but make sure to set good stop-losses. Don't say I didn't warn you.

View OriginalReply0

WalletDetective

· 01-09 21:43

Once again, the market rebounds only to be crushed. No one wants to take the bait as the weekend approaches.

View OriginalReply0

PumpAnalyst

· 01-09 21:33

It's the same old trick again. As soon as the US stock market opens, it surges, and retail investors follow suit by chasing highs... Watching the Bollinger Band upper band suddenly pull back, I knew the big players are accumulating. Buying on dips is correct, but don't chase the rally. The support level at 89,500 is really critical. If it breaks, we need to reassess. The market over the weekend was dead and dull, and the deceleration of momentum is well said. This is when it's easiest to get trapped. Everyone, be careful. --- This rebound looks fierce, but it's actually a false breakout. The technical recovery is too quick, indicating no one is willing to take the buy-in. --- I'm not trying to discourage, but with this trend, the bullish support is clearly weak. Don't be brainwashed by the 92,000 target. --- The support at 3060 still seems reliable, but I'm worried it might drop again in the next hour. Risk control must be in place. --- The weekend market is inherently dull. Going long is fine, but you must have stop-loss awareness. Don't be greedy.

View OriginalReply0