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January 8 Bitcoin Market Outlook
On the 4-hour chart, the price is approaching the lower band of the BOLL, which serves as a recent support level for the upward trend. Holding this level increases the likelihood of a rebound continuation. The previous low point acts as a mid-term upward launch pad; the current correction has not broken below this zone, and the overall upward trend remains intact.
The BOLL lower band provides support, and the MACD indicator's DIF has crossed above DEA to form a golden cross. Coupled with increasing volume, short-term rebound momentum is sufficient.
Bitcoin Trading Suggestion: During the correction around 89,400-90,000, consider buying; target the upside at 91,500-92,500. If broken, continue to look higher.