1.8 Thursday Morning BTC Market Analysis

1. On the 1H chart, EMA5 crosses below EMA10 and EMA20, MACD forms a dead cross and begins to converge, indicating that the bearish trend still dominates, but oversold signals are emerging; the lower Bollinger Band at 90458 resonates with the evening low at 90614, forming a support.

2. The RSI is in the oversold zone with a rebound demand, and the KDJ shows a golden cross upward at low levels, suggesting a short-term rebound; on the 4H chart, support is provided by multiple moving averages below the 90000 level, and the lower Bollinger Band has not opened up, indicating a high probability of range-bound oscillation (90000-95000).

Trading Suggestions

- Short positions: Enter lightly at ≥92500, with targets at 91700-90800; hold if it breaks below 90500-90000.

- Long positions: Position below ≤90800, with targets at 91500-92500; if broken, look towards the previous high near 93000-93500.

- Main direction: Focus on high short positions, supplemented by low long positions, and monitor the effectiveness of the 90000 support level.