2026-01-09 08:33:14

The market has indeed been a bit fierce these past couple of days. Non-farm payroll data, tariff risks, and the volatility of Black Friday have combined to make this some of the most difficult hours of the year.

Bitcoin has been suppressed all the way down from the 89,000 level. The rebound yesterday was weak; frankly, it was just a technical rebound after an oversold condition, and the strength was completely insufficient. The bulls have been quite weak, with each attempt to push higher appearing powerless. This kind of market actually presents a counter-trend buying opportunity—weak rebounds indicate that selling pressure has not yet been fully released.

If you're watching Bitcoin, the range of 91,300 to 91,800 is worth focusing on for short positions, with targets around 90,500 to 89,500. For Ethereum, the 3,130 to 3,150 zone is also a resistance level, with support below at 3,080 to 3,030. These levels are not randomly guessed but are based on technical analysis of recent trends.

BTC-1,18%

ETH-0,45%

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HodlKumamon

· 01-12 08:32

The data speaks for itself; the Sharpe ratio of this rebound is indeed disappointing... Bear believes that the 89,500 level is the real dollar-cost averaging opportunity.

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RetailTherapist

· 01-12 04:41

There's no strength in the rebound, this is just an opportunity for us to take over The bulls really chickened out after this wave, it's more comfortable to short at 91,800 I trust your technical analysis, that 89,500 resistance is a bit uncertain

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BackrowObserver

· 01-09 13:35

Such a weak rebound and still talking about a bullish trend, hilarious. Keep falling then.

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TokenVelocityTrauma

· 01-09 09:03

The bulls are so weak, it feels like we need to drop another wave. I agree that the rebound is weak, there's no momentum to push higher. The idea of being bearish at 91800 is good, just worried about breaking the support. Really, the market has been too fierce these days, it crashed right after the non-farm payrolls. It feels like the selling pressure hasn't been fully released yet, just holding on and waiting for an opportunity. Ethereum seems to be more resilient than Bitcoin, it's kind of interesting. If the 90500 level is broken, then it will be a real decline. It looks like we're going to be trapped again, it happens every time.

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ImpermanentTherapist

· 01-09 09:03

The rebound is weak and still being hyped up. I really think the bulls are losing momentum.

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ShibaSunglasses

· 01-09 09:02

The bulls really have soft cartilage disease, always a flash in the pan This wave of the space can reach 89,500. Does anyone else share my bearish outlook? The rebound is weak, indicating the matter isn't over yet. Let's keep waiting I'll short if it drops to 91,800, the technicals are right here Ethereum can't break out either, all struggling at the resistance level

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MetaverseVagrant

· 01-09 08:57

Sigh, the bulls really have no patience these days. Are they going to smash @91300@ again? The weak rebound indicates we still need to fall; I bet on @89500@. My stop-loss order is already prepared. This wave of market movement is indeed a bit fierce, but opportunities come from this as well, right?

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GateUser-74b10196

· 01-09 08:48

The bulls are so weak, it seems like they will continue to collapse.

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AirdropChaser

· 01-09 08:42

I knew yesterday's rebound was doomed; the bulls are really stretched thin. Really? The selling pressure hasn't been fully released yet? Then this level is indeed a good place to short and test. Shorting at 91800 feels fine, but I'm worried about a reverse smash-through that would blow up the mentality. Can Ethereum's 3080 support level hold? It feels like it won't hold.

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