2026-01-08 08:58:21

Since yesterday, the overall market has been oscillating downward. After multiple failed attempts to rally, it finally broke below, with bearish sentiment dominating the market.

Currently, the 4-hour chart shows the price has broken below the key support zone of 90700-90000, which has now turned into a short-term strong resistance. The hourly chart shows consecutive long upper shadow candles, MACD has formed a death cross above the zero line, and RSI remains below 50, indicating increasing bearish momentum and weak rebound.

Both technical indicators and price patterns suggest a bearish market. If the price cannot effectively break through the resistance above, it may further decline and stabilize around 89000. Therefore, it is recommended to mainly short on rebounds.

Trade the Bitcoin range of 90600-91000 with a target of 88500.
Trade the Ethereum range of 3140-3160 with a target of 3000.
$BTC $ETH $XRP #BTC行情分析 #ETH走势分析 #美司法部抛售比特币 #美联储降息 #加密市场观察

BTC0,39%

ETH0,9%

XRP-0,04%

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.

2 Likes