Bitcoin made a beautiful V-shaped reversal early this morning, stabilizing after touching 90,500. Currently, it is oscillating around the 91,200 level. From the hourly chart, since the dip to $89,242, the price has been in a stage of key support and resistance battles. Technically, the price has held above the middle Bollinger Band, with the MACD forming a bullish crossover and the red histogram volume continuing to expand, indicating a clear sign of a short-term rebound.
But here’s a caution— the KDJ indicator has entered the overbought zone, which means the upward momentum may start to weaken soon; coupled with the recent significant decrease in trading volume, which is much less vigorous than at the beginning of the rebound, the upward push is fading.
**Recent Key Levels to Watch:** $BTC: Focus on the 90700-90200 range, with a breakout targeting the 91800-92800 zone. $ETH: The 3080-3050 area is a key observation point; if it stabilizes, look towards 3130-3160.
Overall, the rebound trend is still ongoing, but its strength is gradually diminishing. In the short term, a more cautious approach of steady progress is more realistic.
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SatoshiNotNakamoto
· 01-09 00:49
The V-shaped reversal feels really good, but I'm a bit panicked by the shrinking volume.
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StableNomad
· 01-09 00:48
ngl the V-reverse looks pretty textbook here but statistically speaking volume's been drying up since yesterday... reminds me of UST in May where everyone was calling the bottom too early lmao
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gas_guzzler
· 01-09 00:31
The V-shaped rebound looks great, but with the shrinking volume, the feel is just not the same.
#美国贸易赤字状况 【January 10 Morning Market Quick Read】
Bitcoin made a beautiful V-shaped reversal early this morning, stabilizing after touching 90,500. Currently, it is oscillating around the 91,200 level. From the hourly chart, since the dip to $89,242, the price has been in a stage of key support and resistance battles. Technically, the price has held above the middle Bollinger Band, with the MACD forming a bullish crossover and the red histogram volume continuing to expand, indicating a clear sign of a short-term rebound.
But here’s a caution— the KDJ indicator has entered the overbought zone, which means the upward momentum may start to weaken soon; coupled with the recent significant decrease in trading volume, which is much less vigorous than at the beginning of the rebound, the upward push is fading.
**Recent Key Levels to Watch:**
$BTC: Focus on the 90700-90200 range, with a breakout targeting the 91800-92800 zone.
$ETH: The 3080-3050 area is a key observation point; if it stabilizes, look towards 3130-3160.
Overall, the rebound trend is still ongoing, but its strength is gradually diminishing. In the short term, a more cautious approach of steady progress is more realistic.