Bitcoin has returned to the $90,000 level, with current focus on the 8950 line.



The four-hour chart shows a oscillating decline, while the 1-hour chart is still waiting for confirmation at a lower level. From a technical perspective, if a new low cannot be established or if a quick recovery occurs after a breakdown (forming a pin-shaped K-line), then Wave B correction is likely complete, followed by the start of Wave C rebound.

In terms of market operation, if the four-hour chart closes lower, consider stop-loss; only if it stays above 9060 can Wave C proceed. The upper target remains unchanged, looking at the 92,000-92,800 range. If during the European session the price cannot recover the previous support level, it will likely enter a sideways consolidation phase. During the US session, traders can manage risk based on position or reduce holdings accordingly.

If the price effectively breaks below 9000, a further dip may occur. However, positions entered below 9050 still have rebound potential, offering a chance for a bounce. There’s no need to focus on the 9470 resistance level in the short term; wait for the price to break through two key levels with a solid move.

For positions entered below 9100, there's no need to be overly nervous for now, as market sentiment still expects an upward rebound.

The short-term risk point is around 8980—if the price falls below this, it could trigger a chain reaction of stop-loss orders. But if the rebound is quick (forming a pin-shaped K-line), it could instead signal a false breakout, potentially leading to a reversal.

In summary, closely monitor the upcoming days’ movements, confirm the trend, and manage your positions and rhythm. Wishing everyone successful trading.
BTC1.46%
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LucidSleepwalkervip
· 01-10 06:05
Still repeatedly confirming these levels, honestly it's a bit annoying, just waiting to see if 9000 breaks or not. --- Tired of hearing about the C-wave rebound, will it actually happen or not? --- If it breaks 8980, I'll clear my position to avoid constantly worrying about these numbers. --- A spike-shaped K-line to rescue the market? Haha, if it were that simple, it wouldn't be called trading. --- Brothers who entered below 9100, don't panic. Anyway, sideways movement is just wearing down our willpower. --- So many key levels, it feels like every line is "critical." Is that true or not? --- Watch the US market closely; these past two days, the atmosphere has been a bit strange. --- You're right about stop-losses, but when it really comes to critical moments, who’s willing to cut? --- The target of 92,000 is quite far away, better not think too much about it for now. --- Market sentiment is upward? I don't feel it; I only feel my account going down.
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LiquidationKingvip
· 01-09 17:33
Once again, that 8950 line. If I can't break through this wave, I'll just clear my position and lie flat. Wait, the pin bar is pulling back? That definitely has the possibility of a trap. Brothers entering below 9100, stay steady; the rebound is just around the corner. 8980 is the real danger zone. Once it breaks, the stop-loss chain will go crazy. 92000-92800? Dream on. Let's see if we can get through this round of volatility first. If the European session consolidates, the US session will need to reduce positions. Risk management comes first. Is there still room to gamble below 9050? Just listen and don't take it too seriously. The key is to confirm in the next couple of days. If you're unsure about the position, reduce your holdings. The most annoying trap is the false breakout. When it looks like a rebound is about to take off, you think it's flying, but in the end, you're caught.
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FlyingLeekvip
· 01-08 07:55
8980 is really the ultimate line; once broken, it might be all over... --- The needle-shaped K-line can't save me from losing those three thousand yuan, brother. --- Still waiting for confirmation, why not just give a definitive answer? --- 92000-92800? Dreaming, I think it still needs to fall. --- All those who bought below 9100 are brave; I'm a coward, haha. --- If this wave is again manipulated to trap shorts, I might really consider quitting the scene. --- Sideways consolidation is the most annoying; might as well just drop directly. --- Reducing positions, reducing positions—just a catchphrase. When have I ever truly reduced? --- Looks like I need to keep a good mindset today; these past two days have been too intense. --- Will 8950 hold steady? I bet it won't.
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SerumSqueezervip
· 01-08 07:49
It's the same old trick, once 8950 breaks, it'll keep falling.
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NotFinancialAdviservip
· 01-08 07:46
Oh no, it's that kind of volatile feeling again, so annoying. The 8980 level must hold, or it will crash. --- Honestly, the current market is a bit tug-of-war, not sure if it's a trap or if it's really going to fall. --- Is 9060 the critical level? Feels like it's constantly bouncing around this area. --- I just want to know if this time will be another standard V-shaped reversal or if it will drop again. --- The needle-shaped K-line is a good signal, but only if it actually appears. --- There might be a chance during the US session, but the European session looks a bit uncertain. --- 92800 is so far away, can't rely on it right now. --- Stop-loss, grit your teeth and confirm, because soft-heartedness at this point is most likely to cause liquidation. --- Looking at the trend, the rebound expectation is still there, but this kind of turbulence really wears people out. --- Once 8980 is broken, be careful of a stampede.
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MysteriousZhangvip
· 01-08 07:45
Line 8980 is really crucial; if it breaks, we have to run, or else the chain stop-loss will trigger. This wave looks like a trap to induce selling; a needle-shaped rebound will definitely reverse, so staying steady at 9060 is key. The 92,000 level seems far off; let's first hold at 8950. Looking at these levels every day is exhausting; better to wait for the C wave to start.
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