January 8th, BTC consolidates after a high-level correction, with core support at 90600-91000 and key resistance at 92000-92500. The strategy is primarily long on dips with short positions as an auxiliary, and follow the trend after breakout/breakdown.



I. Key Range and Trends

- Trend: After a large bearish candle yesterday, the lowest was 90635 early this morning, rebounded to 91500 then fell back, currently trading around 91300, with balanced bulls and bears.
- Resistance: 92000-92500 (intraday rebound high + moving average resistance); 93000-93300 (yesterday’s lower range of consolidation, bearish defense).
- Support: 90600-91000 (early morning low + futures gap, short-term bullish lifeline); 89500-90000 (integer level + previous platform, medium-term defense bottom).

II. Multi-Period Indicator Signals

- Daily: RSI 53.2 (bullish momentum weakening), MACD red bars shrinking, price broke below the 30-day moving average but remains above the 120-day moving average, indicating a technical correction within an uptrend.
- 4-Hour: RSI 48.5, MACD bearish crossover downward, green bars expanding, price below the midline, bearish momentum dominant, needs increased volume to break above the midline and strengthen.
- 1-Hour: RSI 50.1, price within a descending channel, long lower shadow near 91000, buying interest detected, watch for rebound strength.

III. Trading Strategies (with levels and risk control)

- Long positions: enter gradually at 90600-91000, stop loss at 89800, target 92000-92500, break above to watch 93000.
- Short positions: try small positions at 92000-92500, stop loss at 92800, target 91200-91500, break below to watch 90600.
- Key risk control: if the 4-hour close falls below 90000, exit longs; if above 92500, exit shorts and switch to longs.

IV. Key Observation Points

- Volume: rebound without volume is prone to pullback; confirm strength with volume breakout above 92500.
- Macro: US non-farm payroll data tonight may trigger volatility; a strong dollar could suppress risk assets, so adjust positions flexibly.
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