2026-01-07 15:40:10

Observations for Wednesday night trading on January 7:

From a technical perspective, $BTC's KDJ indicator shows all three lines clustered around 30, indicating a neutral to slightly weak situation, with no clear signs of a rebound yet. In the short term, the bears may continue to dominate. The MACD's DIF and DEA lines have been operating in the negative zone, with the red histogram bars gradually expanding, suggesting that selling pressure remains strong.

From a trading standpoint, Bitcoin has been fluctuating within the 91,400-91,900 range. The key support levels below depend on whether 90,300-89,500 can hold. Regarding altcoins, they are oscillating in the 3,170-3,190 range. If they cannot sustain this, the next support levels are at 3,120-3,090.

Overall, the current trend remains bearish, with insufficient momentum for a rebound. Short-term traders should continue to monitor technical developments.

BTC0,12%

ETH0,16%

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AirdropHunter

· 5h ago

It's the same old bearish approach. When will it rebound? It's making me mentally exhausted.

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CompoundPersonality

· 01-07 16:10

It's the same bear market rhythm again, the red bars are still expanding, and the bears really never end.

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AirdropAnxiety

· 01-07 16:02

The bears are continuing to exert pressure. BTC hasn't shown any decent rebound; it feels like it's going to break below 90,300, doesn't it?

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CryptoCrazyGF

· 01-07 15:57

It dropped again and again. I'm tired of this rhythm. I still have to stay at 90,300. Can it hold? Forget it, just check around 90K before going to sleep.

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WalletDetective