#2026年比特币价格展望 January 8th midday market observation

Last night's market movement was quite fierce, with the bullish momentum clearly weakening. Previously optimistic about going long, but the bears forcefully took control of the market, pushing prices downward. Bitcoin even dropped to around 90,900, a decline of over 3,000 points in a single day; Ethereum also weakened, hitting a low of 3,120 overnight, down 110 points for the day. The overall market sentiment is somewhat bearish.

From the 4-hour candlestick chart, a classic bottoming signal appears. The price dipped to the lower Bollinger Band and then stopped falling, with the rebound momentum stalling there, indicating genuine support at the lower band. The current downtrend has not been effectively broken, and the support at the bottom has been tested multiple times, confirming its strength. A rebound is just waiting to gather momentum.

In the short-term hourly chart, after a series of rapid declines with consecutive bearish candles, a recovery and rebound have begun. Bitcoin is repeatedly testing the critical level of 91,000, most of the gains made earlier have been retraced. Looking at the MACD histogram, bearish momentum is waning, which is a positive sign. As the US stock market approaches closing time, the price has experienced a significant pullback, and a technical rebound is needed to relieve pressure.

Overall, Bitcoin tends to rebound each time it approaches 91,000, indicating strong support at this level. The probability of a break below in the short term is low. Each rebound is accumulating energy for the bulls, suggesting signs of market recovery are emerging.

Short-term strategy:
Bitcoin: Enter long near 90,500-90,000, target 92,000-92,500
Ethereum: Enter long near 3,130-3,110, target 3,180-3,200

$BTC $ETH