2026-01-20 00:11:06

Tuesday Morning Market Observation:

The market still looks the same—$BTC is oscillating around 93,000-93,500, with resistance pressing from above and unable to break through, while support is at the 91,900-91,100 range. The Bollinger Bands are tightening, indicating the market is still in a holding pattern.

Technical signals are somewhat contradictory. The MACD has formed a golden cross above the zero line, and volume has increased, which sounds promising, but the problem is that the price hasn't followed—sideways consolidation with divergence between price and indicator. The RSI is even more direct, having already formed a death cross and heading downward, approaching the oversold level of 30, indicating the bulls are clearly losing momentum.

$ETH is showing a similar pattern, repeatedly testing resistance around 3220-3240, with support to watch at 3170-3140 to see if it can hold.

Trading strategy: Be cautious at high levels, focus on whether the support levels are truly broken—once confirmed, that will be a key signal for subsequent actions. There's no need to rush at this position.

BTC-0.92%

ETH-0.93%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

CexIsBad

· 5h ago

It's another tug-of-war. When will this rhythm finally break?

View OriginalReply0

ServantOfSatoshi

· 5h ago

The Bollinger Bands are tightening, and the price is consolidating with little movement... This divergence signal is quite strong, and it feels like the bulls have really dropped the ball.

View OriginalReply0

blockBoy

· 5h ago

Bollinger Bands tightening, MACD divergence, RSI death cross—this market is just two words—uncomfortable. Wait for a break signal; even if you're itching now, you have to hold back. It's the same old story; sideways trading truly tests patience. Only when 91100 breaks can we look bullish; don't make reckless moves now. If the resistance isn't broken and volume can't be released, all fake breakouts are pointless. If support levels can't hold, retail investors are the ones losing money. Sit back and watch the show; don't rush to jump in.

View OriginalReply0

ChainDetective

· 5h ago

Bollinger Bands tightening, MACD divergence, bulls dropping the ball—that's just waiting for a breakdown signal. --- RSI is almost at 30 and still dragging on; it's more interesting once it breaks through. --- Always say to be cautious at high levels, but it's just because I can't bear to cut positions. --- It's more exciting when support levels can't hold; right now, any talk is pointless. --- Consolidation and sluggish gains sound annoying; who can predict tomorrow's trend accurately? --- $BTC This position indeed can't be rushed, but the longer we wait, the more torturous it becomes, brother. --- $ETH is following $BTC to the grave, holding tightly at the resistance level. --- Volume is increasing but the price isn't following; this kind of divergence is the most annoying.

View OriginalReply0

HodlVeteran

· 5h ago

My old bones, I've been watching the market for ten years, and the most frustrating thing is this kind of stagnant situation. Can't go up, can't go down, just like when I was trapped in the $8,000 Bitcoin back then—it's so uncomfortable.

View OriginalReply0