2026-01-09 01:26:31

Yesterday, BTC reached a high of $94,700 and then experienced a normal technical correction, which is not surprising. Currently, the price has found strong support around $89,000 and has rebounded back to the $91,000 level. This adjustment is a normal correction during an upward trend.

Looking at the volume, during the decline phase, the trading volume did not increase, indicating that selling pressure is not strong and that the bearish momentum is weakening—this usually presents a good opportunity for long positions.

From the 4-hour chart, the Bollinger indicator shows that after rebounding from the lower band, the upper and middle bands remain intact, with no signs of turning downward. Regarding KDJ, the K and D lines have formed a golden cross at low levels, and the J line has also rebounded from the oversold area, which is a typical short-term bullish signal. Combining the technical indicators, the current price has already built up momentum at a key support level, and all indicators point to a bullish outlook.

The plan for Friday morning is to consider opening long positions in the range of 90200-90600, with the initial target around 92000-93000.

BTC-0,47%

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BoredStaker

· 01-11 09:06

Does not increasing volume mean selling pressure is weak? I always feel there's something off with this logic...

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CoinBasedThinking

· 01-11 05:13

Decreasing volume and the golden cross formation, this wave is indeed interesting, but we still need to wait until the 90000-90600 range to take action. Greed can easily lead to losses.

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RetiredMiner

· 01-09 01:54

89000 holds are a good signal; a pullback with low volume is indeed a good entry point for long positions. I was a bit panicked a couple of days ago, but now I understand even more clearly.

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UncleWhale

· 01-09 01:54

The 89,000 support is indeed solid this time. With declining volume, the bears lack strength. The golden cross and rebound suggest we might see another upward move.

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TokenUnlocker

· 01-09 01:51

I agree that the trading volume hasn't increased, and the bears are indeed weak. However, this rebound got stuck at 91K, and I think we need to see if it can break through 92K.

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fren_with_benefits

· 01-09 01:50

The 89,000 level is holding up pretty well. The lack of increased volume indicates that no one truly wants to dump. This rebound back to 91,000 feels like a good opportunity.

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DustCollector

· 01-09 01:40

It's the same technical analysis again—golden cross, oversold, buildup... I've been listening to this for two years, but I still get trapped easily.

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PermabullPete

· 01-09 01:36

Here we go again, I've looked at the 89,000 support three times now, each time saying it's a "strong support"... But what happened? Anyway, I placed my order at 92,000. Either let me make some profit, or stop messing around.

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