Analysis and Trading Suggestions for Bitcoin (BTC) on January 8 (Written at 6:27)

The current price of Bitcoin is around 91,000. Following a successful high short position above 94,400 the day before, yesterday, the short position set above 93,200 also accurately realized profits! Currently, the short-term 1H EMA5 is below EMA10 and EMA20, indicating that short-term downward momentum continues to exist. The MACD is in a dead cross and is narrowing. The DIF (-492) is below the DEA (-435), and the histogram is negative (-111) and gradually shrinking, showing that bearish momentum continues to dominate the market. The BOLL channel price is operating near the lower band, indicating an oversold state, but the lower band support at 90,458 and the evening low at 90,614 form a resonance support. The RSI three lines are in the oversold zone, indicating a technical rebound demand. The KDJ three lines have crossed upwards after touching the low, with the K value (25) above the D value (24), and the J value (29) at a high level, suggesting that the short-term market may continue to experience a rebound after nearing oversold conditions. Yesterday, it was also mentioned that the 4H chart shows multiple moving average supports below the 90,000 mark, and since the BOLL channel lower band is currently not opening downwards, a short-term range of 90,000-95,000 may form! Therefore, as long as the 90,000 mark can be successfully defended, after a pullback, one can continue to attempt to enter long positions, with the main direction still focusing on high shorts. Pay attention to the EMA10 and EMA20 crossover in the 4H chart and the middle band area for entering high shorts.

Sell Point: ≥ 92,500 light short, stop loss at 93,500; take profit at 91,700-90,800, if it breaks below 90,500-90,000, you can continue to hold.

Buy Point: ≤ 90,800 below long, stop loss below 90,000; take profit at 91,500-92,500. If it breaks, look for 93,000-93,500 to see the previous high nearby!

The article review and push have delays, the above points are for reference only, please grasp the timing of buying and selling yourself, and ensure proper risk control when entering the market, do not operate with heavy positions! Thank you for reading!

Thus, our journey in the cryptocurrency world begins to move towards a broader new starting point, and it is by no means an endpoint, as the road is still long and must be walked step by step! The ocean of cryptocurrency is vast and boundless, filled with opportunities and challenges. I hope that in the days to come, you will always maintain a thirst for knowledge and a spirit of exploration for the unknown.

Remember, the cryptocurrency world is not just about numbers and charts, but also about humanity, decision-making, and the art of the future. In investing, maintain rationality and calmness, do not be swayed by short-term fluctuations, and view the market with a long-term perspective. Keep learning and improving your professional skills. Knowledge in the financial field is constantly updating; only through continuous learning can you keep pace with the times and seize every opportunity. Be brave to try and innovate. Do not fear failure, as every failure is an opportunity for growth. In the world of cryptocurrency, the brave often carve out their own territory. Finally, may you all shine on the stage of cryptocurrency, realizing your value and dreams. No matter when and where, I am cheering for you, looking forward to your wonderful performance. I wish everyone smooth sailing on the cryptocurrency journey and a bountiful return!

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