The opening Bitcoin was pressured around 93,800, then plunged to 92,200 before stabilizing, and afterward, it repeatedly oscillated within this range.
Looking at the hourly Bollinger Bands, the three lines are clearly diverging and sloping downward, with the bands still expanding. This indicates that the bears are currently in control, reflecting a weak market structure. The price previously broke below the middle band, attempted a rebound to test the middle band again, but each time was resisted and unable to break through — the sell orders above are quite dense.
Examining the moving averages system, the 5-day and 10-day moving averages have already formed a death cross downward, and their arrangement is quite orderly. The price has been staying below the moving averages in recent days without breaking above. Combined with the Bollinger Bands' performance, this basically confirms a short-term downtrend.
Trading Strategy: - Bitcoin: Short in the 93,600-94,200 range, targeting 91,800-91,100 - Altcoins: Short in the 3,310-3,350 range, targeting 3,200-3,150 - Watch for the correlated movements of $SOL, $XRP, and $BNB
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HypotheticalLiquidator
· 19h ago
The death cross downward combined with Bollinger Bands opening up is definitely a clear warning signal for liquidation... Keep a close eye on the health factor.
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ContractFreelancer
· 01-08 19:18
No way, the Bollinger Bands are starting to widen again. This time, the bears are really about to make a move.
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OnchainHolmes
· 01-07 04:16
I've had my eye on this 93,600 breakout point for a while. Just by looking at the chart, it's clear it's going to break the level. With such an obvious death cross, how can there be any rebound?
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BanklessAtHeart
· 01-07 04:16
Is it going to drop again and again? I feel like I'm constantly shorting. Can it really crash to 91100 this time?
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SmartContractWorker
· 01-07 04:16
Another dead cross market, it's really uncomfortable to watch. I'll wait until a breakout before taking action.
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ShamedApeSeller
· 01-07 04:15
Still hoping for a rebound after a death cross, how naive. The bears' iron gate is closed.
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ShitcoinConnoisseur
· 01-07 04:09
Oh no, it's the frustrating rhythm of a bear market again. I just want to ask, why are the sell orders so aggressive?
#数字资产动态追踪 January 7 Intraday Market Summary
The opening Bitcoin was pressured around 93,800, then plunged to 92,200 before stabilizing, and afterward, it repeatedly oscillated within this range.
Looking at the hourly Bollinger Bands, the three lines are clearly diverging and sloping downward, with the bands still expanding. This indicates that the bears are currently in control, reflecting a weak market structure. The price previously broke below the middle band, attempted a rebound to test the middle band again, but each time was resisted and unable to break through — the sell orders above are quite dense.
Examining the moving averages system, the 5-day and 10-day moving averages have already formed a death cross downward, and their arrangement is quite orderly. The price has been staying below the moving averages in recent days without breaking above. Combined with the Bollinger Bands' performance, this basically confirms a short-term downtrend.
Trading Strategy:
- Bitcoin: Short in the 93,600-94,200 range, targeting 91,800-91,100
- Altcoins: Short in the 3,310-3,350 range, targeting 3,200-3,150
- Watch for the correlated movements of $SOL, $XRP, and $BNB