BTC

Bull and bear both profit, congratulations on eating meat last night. Bitcoin experienced a second rally in the evening without breaking the previous high. The short position strategy provided by Long Ge is to establish shorts below around 94,800. More aggressive friends probably also caught the move. The long entry point was at 91,500, with a low at 91,300. Both long and short positions secured a profit of about five thousand USD.
It is now 10:20 AM Beijing time on January 7th. Will it break new highs upward today? Or continue to dip downward? Let Long Ge analyze for you, steadily eating meat.
From the daily chart, the current price has rebounded after falling back to the 5-day moving average. The support level here should be closely watched to see if it can be effectively broken downward later. From the 4-hour chart, the price rebounded after falling to the 30-day moving average last night, but after rising to the 10-day moving average, it declined again. Friends who often watch the host know that Long Ge has mentioned that during upward or downward movements, the key is to focus on the 5-day and 10-day moving averages. Currently, the price is between the 10-day and 30-day moving averages, with Bollinger Bands tightening.
On the 1-hour chart, Bollinger Bands are parallel and downward, with short-term moving averages trending down, showing a potential death cross. Short-term support below is near the 120-day moving average.
MACD: On the hourly chart, both lines are parallel below the zero axis, indicating increasing bearish momentum. On the 4-hour chart, both lines are above the zero axis and forming a death cross downward, with bearish momentum continuing to strengthen.
RSI is in oversold territory, with values around 14-13.
Conclusion: Volatility leaning downward.
Resistance levels: 94,300 96,700 98,800
Support levels: 89,200 86,600 85,100