$BTC earlier today broke below the 90,000 integer level, even approaching 87,700 at one point. On the daily chart, the MACD has formed a classic death cross pattern, indicating that the bearish momentum is gradually releasing, and support levels below may be tested at any time.
Interestingly, the current price is in an extremely oversold technical zone, and the probability and strength of a rebound are worth noting. In the short term, this level is very likely to experience a technical rebound.
Based on these trend characteristics, today's strategy mainly focuses on shorting around the high rebound levels.
Specific operations: Look for short opportunities in the 88,800-89,900 range Targets sequentially at 87,700, 87,200, and ultimately at the support level of 86,500
On the macro front, uncertainties in trade policies continue to exert pressure on risk assets, but such extreme movements often contain opportunities.
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MrRightClick
· 4h ago
Still want to short when it has already dropped to 87,700? I think this rebound might be stronger than you expect.
Trump's tariff move is quite aggressive, but the crypto market has seen all kinds of storms… The real opportunity is at these extreme levels.
A rebound from 88,800 dropping down might not necessarily reach 86,500. That target might be a bit too greedy.
Death cross, death cross, is the technical scene getting so intense now? Oversold rebounds are highly probable, don’t short too aggressively.
I'm already buying some at 87,500, regardless of how Trump messes around.
Your approach suits high risk tolerance, but I still believe there is support at this level.
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DaoDeveloper
· 4h ago
lol the dead cross always gets people spooked... but real talk, that oversold zone? classic setup for some gnarly whipsaw action. macro uncertainty's just noise if your risk management's solid tbh
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TokenTherapist
· 4h ago
87700 is about to break again... The death cross is right here, a rebound is an opportunity to short, this routine is repeated year after year.
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I knew Trump’s tariffs would lead to this, all risk assets will have to be sacrificed.
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Overbought is a nice way to put it, but in reality, it can still fall further.
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To those bottom-fishing at 88800-89900... good luck to you.
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Do extreme movements contain opportunities? I only see extreme losses.
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Another death cross on the technical side, combined with macro pressure, it seems Bitcoin really hasn't made up its mind these days.
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If 86500 breaks, I will admit defeat.
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FlatlineTrader
· 4h ago
87,700 is this key support really going to hold? Feels like Trump's latest tariffs are too powerful.
Breaking below to test new lows, anyway it's oversold.
Does a death cross pattern necessarily mean a decline? I don't think so; a rebound can come quickly too.
Taking a short at this level might be risky, there should be quite a few people ready to buy the dip.
It's unlikely that 86,500 can hold; it feels like it might go even lower.
Shorting at the high of a rebound sounds good, but in practice, it really depends on liquidity.
The trade war isn't over yet; the crypto market will have to sway with macroeconomic trends.
Entering a short at 88,800? That's really bold.
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MEVHunterNoLoss
· 4h ago
87700 this level is really quite fierce, as soon as the death cross appears, I think of the several crashes last year, but the oversold rebound theory... Every time it's said, it still continues to go down in the end.
Tariff policy disruptions, risk assets are indeed difficult this round, shorting at the high of the rebound sounds reasonable, just not sure how high this rebound will go.
There should be quite a few people bottom-fishing at 88800-89900, waiting to see how high this wave can rebound.
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governance_ghost
· 5h ago
It has dropped below 90,000 again, and Trump's tariff move hits hard.
Wait for the rebound, prepare your short positions, and ambush in the 88,800-89,900 range.
To be honest, with such a severe oversold condition, the rebound might be stronger than expected.
#特朗普向欧洲实施新一轮关税措施 January 21 Morning Market Observation
$BTC earlier today broke below the 90,000 integer level, even approaching 87,700 at one point. On the daily chart, the MACD has formed a classic death cross pattern, indicating that the bearish momentum is gradually releasing, and support levels below may be tested at any time.
Interestingly, the current price is in an extremely oversold technical zone, and the probability and strength of a rebound are worth noting. In the short term, this level is very likely to experience a technical rebound.
Based on these trend characteristics, today's strategy mainly focuses on shorting around the high rebound levels.
Specific operations:
Look for short opportunities in the 88,800-89,900 range
Targets sequentially at 87,700, 87,200, and ultimately at the support level of 86,500
On the macro front, uncertainties in trade policies continue to exert pressure on risk assets, but such extreme movements often contain opportunities.