2026-01-08 01:30:33

Market Observation for Thursday, January 8: Technical Levels for Bitcoin and Ethereum

Looking back over the past two days, I repeatedly warned about the risks at the 94500 level; chasing longs requires caution. After nearly 48 hours of decline, the correction is essentially complete.

From the four-hour chart, the lower Bollinger Band provides good support for the current price. The KDJ indicator has entered the oversold zone, and there are clear signs of a rebound—J line is about to cross above the KD line, indicating a golden cross is near. The MACD histogram is gradually shrinking, and the bullish divergence is building strength.

The technical signals suggest: Bulls are brewing a rebound.

Trading ideas (for reference only, strictly adhere to stop-loss):

**Bitcoin**: Consider going long in the 90700-89500 range, targeting around 3200-3250.

**Ethereum**: Try going long near 3140-3100, with targets around 3200-3250.

This analysis is based on the current technical outlook. Market conditions change rapidly, and managing risk is always the top priority.

BTC-0,24%

ETH1,08%

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AirdropHarvester

· 01-09 04:35

Starting to tell stories again, let's see if we can break a new high.

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just_here_for_vibes

· 01-08 01:58

The idea that divergence accumulates strength, I've heard it too many times, but it still gets broken through anyway.

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OnchainDetective

· 01-08 01:56

Wait a moment, I need to track the flow of these funds... 94500. Up to now, this wave of adjustment, according to on-chain data, shows that the transfer patterns of large wallet holders are quite interesting, clearly quietly positioning at the bottom.

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PebbleHander

· 01-08 01:54

It's another bearish divergence and a golden cross, the old tricks. Let's see if it can break through the 94,500 level.

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ImpermanentTherapist

· 01-08 01:44

Oh no, it's time for the psychological preparation to buy the dip again. Every time I say control the risk, every time I go all-in. Stop-loss isn't that simple. Seeing rebound signals makes me want to go all-in, but then it gets hammered down again. Is the digital asset treasury thing really happening or just another round of hype? Anyway, I haven't figured it out. I don't dare to follow the bottom at 90700 this time, after the painful lesson from the 94500 move. Wait, is the golden cross really coming, or is it just another false breakout?

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MEVHunter

· 01-08 01:34

ngl the bollinger squeeze play is textbook, but that mempool toxicity rn? whole thing reeks of backrunning setup. btw who's actually filling those limit orders at 89500—smells like whale coordination to me

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