As the weekend approaches, Bitcoin's trend remains weak. In the past two trading days, market sentiment has noticeably cooled down, with Bitcoin continuing to slide and bottom out. Some key support levels have also failed to hold, with a low of 89,200. The analysis is actually quite clear: don't try to guess the bottom, and definitely don't think about bottom fishing. Just follow the rhythm and act when it's time to act.



Last night, Bitcoin rebounded from a low to around 91,500, but was pushed back down again. Don't mistake this short-term respite after a deep decline as a reversal signal; it's not. The market characteristics are clear—rebounds lack volume, and there’s no follow-through on upward moves. The bulls have clearly lost strength.

Whether looking at the four-hour or daily chart, the bears are currently in full control. As long as the upward trend hasn't reversed, look for the rebound highs to short again. The range from 91,500 to 92,100 is a good entry point. The target zone is between 90,500 and 89,000. Market rhythm is crucial right now—be patient, don't rush, and there’s a high probability of gains.
BTC1,58%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
BlockchainTalkervip
· 01-12 01:44
actually, this is textbook game theory in action—everyone's seeing those bounce wicks and thinking "reversal szn" lol. empirically speaking, vol. compression + weak follow-through = exactly what we'd expect before capitulation. the 91.5k-92.1k zone is chef's kiss for shorting, fundamentally speaking. just don't fomo when it rips...
Reply0
TommyTeachervip
· 01-10 15:36
Still grinding the bottom, this time really different... Still the same old trick, rebound and then smash.
View OriginalReply0
DiamondHandsvip
· 01-09 03:57
Starting to bottom out again. I really can't tell where the bottom is this time, stop guessing blindly. 89200 wasn't even held, the bulls are completely weakened. Wait for the rebound to 92100 to short, gotta get the timing right. I'm just waiting passively; might as well just keep holding on.
View OriginalReply0
GasWhisperervip
· 01-09 03:52
volume's literally flatlined on every bounce... that's the tell, not the price action. mempool's been whispering the same story all week tbh
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)