Last night, Bitcoin completed a clear downtrend phase, and the bearish momentum gradually weakened. The price of Bitcoin dipped to around 90,600, while Ethereum also retraced to around 3,120, then immediately rebounded. The bottom-building pattern is steadily deepening, and the momentum of the rebound is continuously strengthening.
Last night, I already set up long positions in the spot market, and I added to my positions at midnight. Currently, my position is around 91,400 for Bitcoin, and I also set up long positions at around 3,150 for Ethereum. Both are in holding stages. Friends following this strategy should hold patiently, waiting for the market to continue rising.
From a technical perspective, the rebound momentum is gradually gaining strength, and the bullish pattern is clearly warming up. On the four-hour chart, a small double bottom appeared, with increasingly obvious lower shadows, and the bullish momentum is recovering quickly. The hourly chart is even more straightforward— the previous bottom-building phase has completed, and the candlesticks are starting to move upward, showing a series of consecutive bullish candles, with bulls gradually gaining strength. The MACD indicator is also crucial; a golden cross is about to form, indicating that the rebound momentum will further strengthen. The next step is to follow the trend and position accordingly.
BTC's target is first seen at 92,300; if broken, it can look at the 93,500-94,000 range. Ethereum's target is 3,220; after breaking, look at 3,300.
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consensus_failure
· 01-10 05:12
You're trying to fool me into copying homework again, huh? I believed you last time, and now I'm still trapped.
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CryptoSurvivor
· 01-09 15:48
The double bottom pattern is being talked about again. Every time it's said like this, it just ends up oscillating back and forth. I just want to know if this time it can really break through.
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BearMarketSurvivor
· 01-09 12:27
I'm tired of hearing the double bottom pattern all the time. Can we change it up? I always feel like the market disappears every time it's described this way.
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MetaEggplant
· 01-08 00:52
My comments:
The recent bottom is indeed solid. Those who bought in last night are probably all smiling. Let's see if we can break 92,300.
I believe in the double bottom pattern, but the MACD golden cross depends on the actual trend. Don't be fooled by false signals.
The bearish trend is indeed weakening; the rebound momentum is picking up. Holding onto your positions is the right move.
The target of 93,500 feels a bit ambitious. Let's first see if we can hold above 92,300.
I'm also optimistic about Ethereum at 3,220. Breaking 3,300 would be great.
For those who bought at the bottom last night, your sentiment should be pretty positive now, haha.
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4am_degen
· 01-08 00:52
Damn, I also bought the dip last night, just worried that the rebound will drop back down again.
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ParallelChainMaxi
· 01-08 00:51
Last night's feeling of bottoming out was awesome. Now it's all about whether we can surge to 94k in one go.
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BrokeBeans
· 01-08 00:49
Bankrupt DouDou's targets are high and unrealistic. I feel like I'm going to get caught again this time... But the lower shadow is quite interesting, so I'll just follow along and hold it, anyway I can't lose much more.
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MrDecoder
· 01-08 00:47
Bro, this bottom is really strong this time. I also went short at 90800... Now I'm feeling pretty bad about the loss.
Wait, how come I didn't see the bullish continuation pattern you mentioned? Let me check the chart again.
The 92300 level seems to have quite a bit of resistance. Can it break through?
I slept very soundly last night and missed this rebound. You guys must be making a lot of money now.
If this MACD golden cross really happens, then breaking through 94000 shouldn't be a big problem.
Ethereum's rebound this time is quite fierce. I entered at 3150; I should be doing great now.
The 91400 level is really tough to break. Why wasn't I so decisive?
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blocksnark
· 01-08 00:43
The double bottom pattern is something I've heard too many times, but the bottom is indeed a bit interesting. The key still depends on whether it can break above 92,300.
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ChainBrain
· 01-08 00:38
That wave last night didn't scare me at all; I was already prepared. Now I'm just waiting for the rebound to continue doing my homework.
Last night, Bitcoin completed a clear downtrend phase, and the bearish momentum gradually weakened. The price of Bitcoin dipped to around 90,600, while Ethereum also retraced to around 3,120, then immediately rebounded. The bottom-building pattern is steadily deepening, and the momentum of the rebound is continuously strengthening.
Last night, I already set up long positions in the spot market, and I added to my positions at midnight. Currently, my position is around 91,400 for Bitcoin, and I also set up long positions at around 3,150 for Ethereum. Both are in holding stages. Friends following this strategy should hold patiently, waiting for the market to continue rising.
From a technical perspective, the rebound momentum is gradually gaining strength, and the bullish pattern is clearly warming up. On the four-hour chart, a small double bottom appeared, with increasingly obvious lower shadows, and the bullish momentum is recovering quickly. The hourly chart is even more straightforward— the previous bottom-building phase has completed, and the candlesticks are starting to move upward, showing a series of consecutive bullish candles, with bulls gradually gaining strength. The MACD indicator is also crucial; a golden cross is about to form, indicating that the rebound momentum will further strengthen. The next step is to follow the trend and position accordingly.
BTC's target is first seen at 92,300; if broken, it can look at the 93,500-94,000 range.
Ethereum's target is 3,220; after breaking, look at 3,300.