2026-01-10 00:22:07

Bitcoin is currently hovering around the 90,600 level. Last night, after the release of the non-farm payroll data, the price indeed surged, but the increase was not as strong as expected, and then it retraced. However, this retracement is within the expected range.

From the 1-hour K-line perspective, the price is trading below all moving averages from EMA5 to EMA250, indicating that the bears are clearly in control. The MACD histogram has expanded with red bars, the DIF is at -98, significantly lower than DEA at -63, and the histogram is at -70. A death cross has already appeared—this again confirms that the bearish momentum is dominant.

Within the BOLL channel, the price is around the middle to lower band, showing some downward pressure, but not yet at the level of severe oversold conditions. This suggests that the downside space has not been fully exhausted, and further decline is possible.

The RSI is relatively neutral, with RSI1 at 38 and RSI2 at 43, both in the middle to weak zone, not entering the oversold area below 30. This reflects that the current downward momentum is lacking strength, and BTC is likely to test yesterday’s lows again.

The KDJ lines have a dead cross, with K at 33 below D at 42, and J at only 13, indicating a low position. Short-term bearish pressure is indeed significant, but the indicators are approaching oversold levels. Caution is advised against chasing further shorts due to the risk of a rebound.

**Trading Strategy:**

On the bearish side, after the short-term bullish momentum fully weakens, focus on the secondary support near yesterday’s low for long entries on dips; or wait until the price returns to the 4-hour midline and yesterday’s high zone before considering short positions.

Specific sell points: When the price is at or above 91,300, consider opening a light short position with a stop loss at 92,300; target the range of 90,300-89,500. If it breaks below 89,200-89,000, continue holding the position.

Specific buy points: When the price is below 89,500, consider entering long positions with a stop loss below 89,000; take profit at 90,200, 91,000, and 91,600. If key levels are broken, keep an eye on the upper zone of 91,800-92,300.

BTC0,23%

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GasGuru

· 20h ago

Ah, these indicators are all showing death crosses, and you're still talking about lack of momentum. Isn't it just about continuing to dump? I'm optimistic about the buy point at 89,500, betting on a rebound. Non-farm payrolls haven't dropped yet, so the bottom should be about right.

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SnapshotLaborer

· 20h ago

The bears are so fierce, it feels like it still has to go down Going long while being cautious of a rebound, this market trend is really tough Having the guts to go long at 89500 is a bit bold DIF is already -98, the death cross is coming, the indicator fans are going to cry Non-farm payrolls push the price up and then it pulls back, it's not interesting This rhythm is indeed within the expected range, but who dares to short now Short at 91300 or wait, oversold conditions can't be gambled on

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MEVEye

· 20h ago

The bears are so fierce, it feels like it will drop further... We definitely need to hold the 89,500 level.

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ImpermanentSage

· 20h ago

The bears are still holding on, but all indicators are almost oversold, and a rebound could happen at any time... I think it's safer to wait before shorting again. --- It's the same old story with MACD death cross and low KDJ levels. Honestly, I'm tired of these signals. The key is whether we can really break 89,000 to count. --- The non-farm payroll data reacted so mediocrely, indicating that the market is actually uncertain. I lean towards continuing to be bearish but need to watch out for rebound traps. --- I'm a bit hesitant to short at 91,300; it feels like setting a stop-loss at 92,300 is too tight, and there's a high chance of getting smashed... --- It's okay to go long below 89,500, but I want to see if it can break another support level first to confirm the trend before taking action. --- This rhythm, to put it simply, is that the bears lack the strength to push down, and the bulls lack the confidence to push up. When will this oscillation end...

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