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#数字资产行情上升 January 8 Early Morning Market Quick Read
The current situation is quite interesting — the bearish momentum is nearly exhausted, and the bottom is gradually being solidified. The four-hour K-line directly touched the lower band of the Bollinger Bands, but the rebound was quite sharp, indicating that the support level is indeed strong. This is even more evident on the timeline, where BTC has been touched several times around 91,000, each time quickly bouncing back without much suspense, suggesting that the bulls are gathering strength.
If you want to join in, consider positioning for a bullish move around 91,000, with an upward target of 92,300 to 93,000.