From a technical perspective, Bitcoin's rebound momentum is clearly struggling, encountering resistance around 91,600 and starting to weaken. The situation is similar for Ethereum, with the 3,150 level becoming a hurdle.
On the four-hour chart, the Bollinger Bands have already turned downward. Although there was a small bullish candle after breaking below the lower band, this is merely a weak correction within a downtrend. The moving average combination and indicator system are still trending downward, indicating that the bearish momentum has not yet dissipated. Therefore, this rebound is better seen as a good opportunity to short rather than a genuine upward move.
The short-term trading strategy remains unchanged—consider short positions on rallies.
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GateUser-c799715c
· 01-09 08:06
Bollinger Bands turn downward again, signaling a shorting opportunity. This rebound really can't take a hit.
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GasFeeNightmare
· 01-09 08:03
Another false rebound, oh my, this market is really incredible. Short at the highs.
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NftDeepBreather
· 01-09 07:58
It's another case of shorting at the top; this rebound does feel a bit weak.
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ForkYouPayMe
· 01-09 07:51
So it's another case of shorting at the high, huh? Is the 91600 level really that tough?
Breaking below the lower band of the Bollinger Bands and still daring to push a bullish candle—this rebound looks flimsy to me.
The 3150 level indeed acted as resistance, but will entering short positions this time just be a slap in the face with a reverse move?
#Solana行情走势解读 January 9 Afternoon Market Observation
From a technical perspective, Bitcoin's rebound momentum is clearly struggling, encountering resistance around 91,600 and starting to weaken. The situation is similar for Ethereum, with the 3,150 level becoming a hurdle.
On the four-hour chart, the Bollinger Bands have already turned downward. Although there was a small bullish candle after breaking below the lower band, this is merely a weak correction within a downtrend. The moving average combination and indicator system are still trending downward, indicating that the bearish momentum has not yet dissipated. Therefore, this rebound is better seen as a good opportunity to short rather than a genuine upward move.
The short-term trading strategy remains unchanged—consider short positions on rallies.
Focus on the following coin: $BTC $ETH $BNB