2026-01-21 12:23:48

Bitcoin is currently showing a bottom formation signal on the four-hour timeframe. From the perspective of the Chan Theory analysis framework, this wave of market movement is worth paying close attention to.

In terms of details, the 30-minute structure is already complete, and there are signs of potential bottom divergence. Coupled with the engulfing candlestick on the four-hour chart, a technical basis for a rebound has basically been formed. Based on this rhythm, a four-hour rebound is highly probable, with the target range between 90,500 and 91,000.

The key breakout level is at 88,922—if Bitcoin falls below this point, it may trigger a potential bottom divergence on the 5-minute timeframe. That would be the golden window for entry.

**Trading Strategy**:
Enter around the 88,666 to 88,880 zone, and consider buying on dips. Targets are set at 90,500, 91,000, and 91,600. Place stop-loss at 87,350.

The current trend is still within the expected framework. As long as the key support level is not broken, the likelihood of a rebound remains high.

BTC0,58%

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AirdropGrandpa

· 15h ago

88922, this hurdle must be held, or else wait for the golden window.

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HalfPositionRunner

· 15h ago

Chan Theory is back again, always bottom formations, divergence, and engulfing patterns, but in the end, still trapped. Can this point at 88922 really hold? It feels a bit uncertain. Betting on a rebound is not as good as waiting for a breakdown confirmation. Anyway, 87350 is not far away.

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GweiWatcher

· 16h ago

88922 this level is really a bit magical, gotta keep a close eye on it --- The Chan Theory is back again. Can it really rebound this time? How did the previous prediction turn out? --- The old routine of buying on dips, will this time be another trap? --- 90500-91000, feels still too optimistic --- The key is whether we can hold above 88922; if broken, cut losses immediately --- Four-hour bottom pattern combined with engulfing candlestick, it's quite interesting --- Another golden window. Why do I feel like every time it's a golden window? --- Stop loss at 87350, this risk-reward ratio is a bit risky --- A hammer within the predicted framework, this sentence is quite convincing --- A rebound can happen if the 30-minute structure is complete. Is this logic valid?

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