2026-01-08 23:20:21

Early morning market again touched around 91,500, and the price, as expected, faced resistance and pulled back. Currently, we need to reassess the technical signals behind this decline.

From multiple timeframes, both the 4-hour and 8-hour Bollinger Bands show clear signs of turning. Bitcoin has broken below the 4-hour lower band and found support near the middle of the daily Bollinger Band, with the 89,000-90,000 range being very critical — it has successfully transformed from a previous strong resistance area into a solid support zone below. However, this rebound has limited strength and has not led to a stronger upward trend.

Specifically, on the 4-hour chart, after three consecutive bullish candles, it encountered resistance from the EMA30 moving average. The 8-hour chart faced dual resistance from the middle Bollinger Band and the EMA7 moving average, failing to break through effectively. Based on comprehensive technical analysis, the recent strategy remains primarily to look for short opportunities.

**Operational reference:**

Bitcoin: Short in the 91,500-92,000 range, target 89,500

Ethereum: Short in the 3,130-3,170 range, target 3,020

BTC0,02%

ETH0,05%

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metaverse_hermit

· 2h ago

91,500 is here again, really double-checked. Can it break this time?

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SatoshiLeftOnRead

· 01-09 19:13

91500 is coming again. Will it really break this time or rebound again? Feels like it's fluctuating. --- 89000-90000 is indeed an interesting level. Let's see how long it can hold. --- Holding onto the short position, let the technicals speak. Not believing in superstitions. --- The Bollinger Bands are closing so clearly; there should still be room for decline. --- This rebound was really weak; still need to look downward. --- I followed the long-side strategy; just waiting for the 89500 target. --- Talking about support and resistance conversion again, every time it's said, it ends up being proven wrong. --- With so many EMA resistances, still hoping for a rebound? Dream on. --- Went short at 91500-92000, taking a gamble. --- Feels like it will drop further later. Is it a bit hasty to go short now? --- The analysis from the original poster is reliable. These days, following along with copying hasn't lost me money. --- The bulls should roll back; the bears rise.

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NestedFox

· 01-08 23:48

91,500 has been hit again, and this time it's really disappointing... The rebound is so weak that the bears still have to keep eating.

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ChainPoet

· 01-08 23:45

Stuck again at 91,500, really running out of time this time Once again trapped at a high level, when will it break through Can 89,000 hold? Should I buy the dip, brother? The Bollinger Bands are turning again, this wave of decline is quite fierce The bearish outlook is correct, just the rebound strength is too weak The 89,000-90,000 level is interesting, feels like it will oscillate repeatedly The EMA suppression is so obvious, still bearish in the short term Another short position at high levels, feels like the same story has been repeating these days I believe in shorting at 92,000, just see if it can drop to 89,500 Ethereum also needs to follow the bearish trend, 3020 should be near the bottom

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ProofOfNothing

· 01-08 23:44

91,500 still hasn't broken through, this support level is really a bit tough --- Once again at a high point, hitting 888 is indeed impressive --- The support at 89,000-90,000 looks shaky, most likely it will break through directly --- Limited rebound strength just means there's no hope, giving up --- Following this logic, it could even drop to 3,000 --- Wait a minute, is this really happening or are you going to crash me again? --- 4-hour resistance, 8-hour double resistance, the bears are quite fierce --- Support turns into resistance, resistance turns into support, really hard to tell --- Shorting at 92,000, taking a gamble --- This technical analysis is really not very useful, cryptocurrencies are just this unpredictable

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NeonCollector

· 01-08 23:44

Once again, 91500 has slapped me in the face. This breakout is really a bit annoying. This rebound's strength is indeed disappointing. It seems I can only follow the bearish approach. If 89000-90000 can't hold, be careful.

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LiquidityWitch

· 01-08 23:41

ngl the liquidity sacrifices at 91.5k are textbook... those bollinger bands just whispered the grimoire again. watch the 89-90k transmutation zone, that's where the real alchemy happens or breaks spectacularly

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liquidation_watcher

· 01-08 23:34

91,500 has been hit again, the bears are quite aggressive this time We're back to the support at 89-90, can it hold? EMA30 is pressing down, can't break below, this rhythm is a bit uncomfortable Shorting still seems the way to go, rebounds are just points to unload Entering short positions at 92,000 feels very safe

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