Yesterday, Bitcoin repeatedly fought around the price of 90,987. To say this wave of market movement, we really need to look at the technical details.
From a price structure perspective, BTC has fallen from 94,789 to now, a decline of about 4%. It is currently stuck at the intersection of the MA7, MA25, and MA99 lines, with neither bulls nor bears willing to concede. The trading volume has indeed increased in the past two days, with the most recent trading day reaching 593,804 BTC, much more active than the previous days, but it hasn't reached the level of panic selling or frantic chasing.
Looking at the indicators, there's something interesting here. The MACD is still green, with DIF and DEA both below the zero line, which sounds like the bears are in control, right? But the key point is—DIF and DEA are getting closer, and the green bars are gradually shortening. What does this usually mean? The bearish momentum is running out, and the bullish force is quietly accumulating. This is a relatively critical turning signal.
At the same time, RSI has rebounded from the oversold zone, and the MA(7) has started to turn. These three signals resonating together significantly increase the probability of a short-term rebound. From a technical standpoint, this timing is quite interesting.
So my suggestion is: you can try a small long position, but remember a few numbers. Keep your position at about 10%-20% of your total holdings, and don't be greedy. Take profit at the MA25 level of 92,257, and set your stop loss at 89,311 (the low in the past 24 hours). Wait until MACD actually shows a golden cross before adding to your position—don't jump the gun.
Short-term trading indeed carries high risk, but if you follow the plan strictly, this opportunity is worth participating in.
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zkProofGremlin
· 01-10 08:18
Huh, the distance between DIF and DEA has shortened, this signal is really quite crucial.
Wait, has the MA7 turned? Then I need to recheck how far this rebound can go.
Trying a small position is also okay, just worried it might be a false breakout again.
By the way, the trading volume this time is much more active than a few days ago, but it still feels like it's not quite there yet.
The stop-loss at 89311 must be firmly held.
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SerumSquirrel
· 01-09 07:02
Hmm, triple signal resonance. This wave is indeed worth watching, but I still have to wait for the golden cross before making a move.
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ChainBrain
· 01-09 07:02
Three moving averages are fighting, and MACD is still dithering. This is the feeling of waiting.
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Try a small position? I think it's better to wait a bit longer; RSI rebound often leads to a pullback.
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The narrowing gap between DIF and DEA is indeed interesting, but does the bearish trend really have no strength?
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92257 is a good target; I wonder if we can hold it.
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The trading volume this time is not fundamentally different from a few days ago. Don't over-interpret it.
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Going long is fine, but 10-20% of the position might be a bit conservative.
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The key is whether MACD forms a golden cross or not; everything else is just a supporting role.
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Being stuck at the intersection of three lines means the main force is eating up chips, just waiting.
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Stop-loss at 89311 is okay; I'm just worried about a big red candle breaking through directly.
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The probability of a short-term rebound has indeed increased, but how big the rebound can be is still unknown.
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GasFeeCrying
· 01-09 06:54
Hmm... I need to look into the DIF and DEA narrowing the gap, but I still feel the bottom signal needs to wait a bit longer.
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WhaleShadow
· 01-09 06:53
Hey, I noticed that the gap between DIF and DEA is narrowing, but I still feel this rebound might just be a false alarm?
Wait, can 89311 really hold? Do you think it might break again nearby?
This time, if I play with 10-20% of my position, I'll sell when 92257 rebounds, don't expect to sell only when the MACD golden cross occurs, that's too greedy.
By the way, with a volume of 593,804 BTC, it sounds active, but it's still not enough to give me confidence to go all in.
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OldLeekMaster
· 01-09 06:51
Wow, someone finally explained this wave of market movement thoroughly. I said DIF and DEA should narrow!
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Trying a small position to go long? Reliable, but I still need to wait for the MACD to truly cross bullish before acting. Playing it safe is never wrong.
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I've noted the stop-loss at 89311, just worried about acting too quickly myself.
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The volume of 593804 BTC... this isn't really panic selling, actually it's kind of interesting.
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I saw the RSI rebound from oversold signals early on, just waiting for to see 92257.
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Time for another small position to tinker with. Betting on this short-term rebound, anyway, won't lose much money.
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The triple signal resonance sounds intimidating, but I still prefer to be conservative. After all, markets are the best at fooling people.
Yesterday, Bitcoin repeatedly fought around the price of 90,987. To say this wave of market movement, we really need to look at the technical details.
From a price structure perspective, BTC has fallen from 94,789 to now, a decline of about 4%. It is currently stuck at the intersection of the MA7, MA25, and MA99 lines, with neither bulls nor bears willing to concede. The trading volume has indeed increased in the past two days, with the most recent trading day reaching 593,804 BTC, much more active than the previous days, but it hasn't reached the level of panic selling or frantic chasing.
Looking at the indicators, there's something interesting here. The MACD is still green, with DIF and DEA both below the zero line, which sounds like the bears are in control, right? But the key point is—DIF and DEA are getting closer, and the green bars are gradually shortening. What does this usually mean? The bearish momentum is running out, and the bullish force is quietly accumulating. This is a relatively critical turning signal.
At the same time, RSI has rebounded from the oversold zone, and the MA(7) has started to turn. These three signals resonating together significantly increase the probability of a short-term rebound. From a technical standpoint, this timing is quite interesting.
So my suggestion is: you can try a small long position, but remember a few numbers. Keep your position at about 10%-20% of your total holdings, and don't be greedy. Take profit at the MA25 level of 92,257, and set your stop loss at 89,311 (the low in the past 24 hours). Wait until MACD actually shows a golden cross before adding to your position—don't jump the gun.
Short-term trading indeed carries high risk, but if you follow the plan strictly, this opportunity is worth participating in.