Market has corrected as expected. Will the 89,000 level become the bottom of this phase as predicted this morning?
In today’s morning news daily and yesterday’s article “2026 Market Frenzy,” it was mentioned that the short-term outlook is bearish and highlighted the important support level of 87,000-89,000. Today’s trading saw a decline as expected, with the lowest at 89,500. Have you enjoyed the gains, family? If you’ve made some profit, give a little attention and a like to the Little God of Wealth with your small hands. I’ll help you earn every day! After bragging, the question is: will 89,000 become the bottom of this phase? Is it time to go long after shorting? I think guessing the bottom is quite difficult; it’s better to rely on technical indicators. Currently, it’s a good time to go long after shorting:
1. Judgment basis ✅ Technical indicators: Currently, on the daily chart, the MA30 moving average and the middle band of the Bollinger Bands are both above 89,000. The high of 94,750 set this week has broken through the upper boundary of the previous consolidation zone, indicating a potential upward move. On the weekly chart, the 5-week moving average support is also near 89,000, and the weekly chart has been consolidating for 7 weeks, approaching the “sensitive number” of the 8th week. It’s very likely to break through the consolidation zone by leveraging this, with some upward momentum still present, possibly challenging the long-term bull-bear dividing line at 100,000 USD.
✅ Psychological factors: After Bitcoin broke below the 60-week moving average of 100,000 USD, entering a bear market has become a market consensus. Currently, the market sentiment is strongly bearish, with short positions exceeding long positions. The main force is likely to go against the trend, first pushing up to shake out some shorts, then dumping.
✅ Guessing the bottom is less effective than focusing on the overall direction: Past investment experience tells us that bottoms are often confirmed only in hindsight. Both left-side and right-side bottom fishing involve some guesswork. As long as you judge the medium-term direction well, enter at a price you find suitable, and control your position size, you can achieve long-term profits. Regarding the overall trend, Little God of Wealth is bullish in the short to medium term and bearish in the long term. For the super long term, naturally, it’s bullish...
2. Trading strategy
✅ Position opening strategy: Short above 89,000, then reverse to go long with a primary position, add positions around 88,000, with a stop loss at 86,900.
✅ Position management: Balance the allocation ratio between futures and spot, with total futures positions not exceeding 10%.
✅ Diversified investment: While investing in Bitcoin, Ethereum, SOL, DOGE, and other mainstream coins, reserve 20% of your funds for potential high-potential altcoins to seek excess returns.
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ybaser
· 01-09 14:01
2026 Go Go Go 👊
Reply0
xiaoXiao
· 01-09 11:25
2026 Go Go Go 👊
View OriginalReply0
GateUser-68291371
· 01-09 09:23
Vibe at 1000x 🤑
View OriginalReply0
NingxiFour
· 01-09 01:58
New Year Wealth Explosion 🤑
View OriginalReply0
GateUser-9279196d
· 01-09 00:27
Buy To Earn 💎
Reply0
xxx40xxx
· 01-08 23:23
2026 GOGOGO 👊
Reply0
CryptoSocietyOfRhinoBrotherIn
· 01-08 15:49
New Year Wealth Explosion 🤑
View OriginalReply0
CryptoSocietyOfRhinoBrotherIn
· 01-08 15:49
2026 Go Go Go 👊
View OriginalReply0
Ryakpanda
· 01-08 14:17
Hop on board!🚗
View OriginalReply0
GateUser-00119d3d
· 01-08 13:15
The market is witnessing a surge in cryptocurrencies for the year 2026.
#我的2026第一条帖
Market has corrected as expected. Will the 89,000 level become the bottom of this phase as predicted this morning?
In today’s morning news daily and yesterday’s article “2026 Market Frenzy,” it was mentioned that the short-term outlook is bearish and highlighted the important support level of 87,000-89,000. Today’s trading saw a decline as expected, with the lowest at 89,500. Have you enjoyed the gains, family? If you’ve made some profit, give a little attention and a like to the Little God of Wealth with your small hands. I’ll help you earn every day! After bragging, the question is: will 89,000 become the bottom of this phase? Is it time to go long after shorting? I think guessing the bottom is quite difficult; it’s better to rely on technical indicators. Currently, it’s a good time to go long after shorting:
1. Judgment basis
✅ Technical indicators: Currently, on the daily chart, the MA30 moving average and the middle band of the Bollinger Bands are both above 89,000. The high of 94,750 set this week has broken through the upper boundary of the previous consolidation zone, indicating a potential upward move. On the weekly chart, the 5-week moving average support is also near 89,000, and the weekly chart has been consolidating for 7 weeks, approaching the “sensitive number” of the 8th week. It’s very likely to break through the consolidation zone by leveraging this, with some upward momentum still present, possibly challenging the long-term bull-bear dividing line at 100,000 USD.
✅ Psychological factors: After Bitcoin broke below the 60-week moving average of 100,000 USD, entering a bear market has become a market consensus. Currently, the market sentiment is strongly bearish, with short positions exceeding long positions. The main force is likely to go against the trend, first pushing up to shake out some shorts, then dumping.
✅ Guessing the bottom is less effective than focusing on the overall direction: Past investment experience tells us that bottoms are often confirmed only in hindsight. Both left-side and right-side bottom fishing involve some guesswork. As long as you judge the medium-term direction well, enter at a price you find suitable, and control your position size, you can achieve long-term profits. Regarding the overall trend, Little God of Wealth is bullish in the short to medium term and bearish in the long term. For the super long term, naturally, it’s bullish...
2. Trading strategy
✅ Position opening strategy: Short above 89,000, then reverse to go long with a primary position, add positions around 88,000, with a stop loss at 86,900.
✅ Position management: Balance the allocation ratio between futures and spot, with total futures positions not exceeding 10%.
✅ Diversified investment: While investing in Bitcoin, Ethereum, SOL, DOGE, and other mainstream coins, reserve 20% of your funds for potential high-potential altcoins to seek excess returns.