2026-01-08 07:50:27

#数字资产行情上升 Bitcoin and Ethereum Afternoon Trend Analysis:

Looking at the 4-hour chart, the current trend of BTC is a bit weak, already close to the key support level at 89588.1, and short-term it’s struggling to hold. A bearish engulfing pattern has appeared on the candlestick chart, and the short-term moving averages are also trending downward, indicating a clear bearish signal. However, the good news is that the price is still above the long-term moving averages, so a sudden crash in the medium term is unlikely, and a rebound is still possible.

Overall, in the short term, it’s still necessary to respect the bearish trend. Shorting near resistance levels is a high-probability strategy.

Trading suggestions:
BTC can consider shorting around 90800-91300, with targets at 89500-89000.
ETH can consider shorting around 3140-3160, with targets at 3080-3030.

Recently, market rebound pressure remains quite strong. Continue to observe the performance at these key levels.

BTC-0,09%

ETH0,19%

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DefiEngineerJack

· 13h ago

well, *actually* if you zoom out on the daily, that engulfing pattern is kinda textbook bear trap material... but yeah, the 89588 support is legit non-trivial. fundamentally speaking, shorting at 90800-91300 is empirically the move here if you've got proper risk management lol. most retail will get liquidated tho ngl

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DecentralizedElder

· 14h ago

89588, this level really can't be held. It looks really uncomfortable. With such fierce short-term bears, I still have to follow the trend and short, otherwise it's easy to get trapped.

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ProofOfNothing

· 01-10 10:49

89588 this level really can't hold up anymore, it should have been cleared long ago. It just doesn't look right; as soon as the absorption pattern appeared, I knew something was going to happen. I've heard too many times that the rebound pressure is high, so let's just see if 89000 can be broken. Why hasn't Bitcoin dropped to around 3080 yet from the 3140 area? It feels like it's going to fluctuate again. This wave of Bitcoin doesn't seem as decisive; it feels like a tug-of-war.

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GasFeeCrying

· 01-08 08:20

89588 can't hold up, it's time to short. The bearish signal is so obvious, decisively enter around 90800. The engulfing pattern appears, so in the short term, it's still bearish. No need to panic in the medium term, the long-term moving averages are still there. This wave of short positions at 3140-3160 for the second pancake shouldn't be a problem. Rebound resistance is strong, wait for the performance at key levels.

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RuntimeError

· 01-08 08:16

89588 can't hold up anymore, this time the bears are really not joking

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AllInAlice

· 01-08 08:15

89588, can this critical point hold or not? It feels like it's about to break.

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MetaReckt

· 01-08 08:15

I've been paying close attention to this key level at 89588 for a long time. Currently holding it feels a bit risky, like it could collapse at any moment. The bears are really aggressive this time. The engulfing pattern appearing isn't a good sign, but as long as it hasn't collapsed, there's still a chance. I need to stay disciplined with my short positions this time, or I might chase the highs and lose money. Wait, with such strong resistance during the rebound, can it really bounce back? It's a bit uncertain.

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MondayYoloFridayCry

· 01-08 08:12

89588, this level indeed can't hold. The bearish signals are quite obvious. However, I still want to see if there's a rebound before deciding whether to short again.

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CountdownToBroke

· 01-08 08:10

If the 89588 support level breaks, you have to run, or else you'll really go bankrupt.

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ThreeHornBlasts

· 01-08 07:56

89588 this level really can't hold anymore, it looks a bit dangerous... The bearish signal is so obvious, definitely need to chase a short position Can the second pancake drop to 3030 this wave? It's a bit uncertain In the short term, it's better not to be too optimistic, keep watching the key levels It feels like the big pancake is about to break through, this K-line pattern is a bit fierce With such strong rebound resistance, it's better to stay cautious Wait a minute, can this wave really reach 89000? It feels a bit uncertain The engulfing pattern has appeared, we need to take it seriously With such strong short-term bears, it's better to respect the market Looking at this trend, we have to be on guard

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