2026-01-20 00:23:05

After yesterday's decline, Bitcoin has fallen back into a consolidation mode. The trend remains tight — Bitcoin rebounded from 93,400, found some support around 92,100, and finally stabilized at 90,600. The short position given the night before also successfully captured over a thousand points in profit.

Looking at the four-hour chart, the situation is still dominated by the bears. The Bollinger Bands are continuously trending downward, with prices repeatedly tugging at the lower band. The moving averages and indicator signals all point to a bearish outlook. In simple terms, the rebound is becoming weaker, and there are no signs of a strong upward attack.

This morning's approach is straightforward: any short position above 93,000. Watch the 91,500 to 90,000 range below; if it can drop further, that would be even better. Both BTC and ETH are following this rhythm, so don't overcomplicate it.

BTC-2,54%

ETH-3,89%

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ThesisInvestor

· 7h ago

Just got stopped out at around 100? I'm still waiting to break 90, really greedy. Still reciting the Bollinger Bands and moving averages, just say whether it can drop to 89 and be done with it. This wave of bears is a bit weak, feels like it's gathering strength. Shorts above 93 are indeed fine, just worried about another rebound.

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ChainPoet

· 7h ago

Just over 10,000 points and then sell? Bro, this wave can still go down further, don't rush to get off the train --- I love the phrase "rebound is weak," it should be like this—deadlocked with the bears --- Short above 93,000, it's simple to say but so hard to do --- Bollinger Bands lower band tug-of-war, it really doesn't look promising, let's wait and see --- Just over 1,000 points and you'll be satisfied? I bet it can break below 90 --- Simple and straightforward, I like it—just afraid of softening during execution --- ETH following Bitcoin is a bit boring, let's each do our own thing

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RugPullSurvivor

· 7h ago

Profits of over a thousand points are great, why do I always buy at the top... If I short at 93,000, will it rally again with the trend, I'm scared The downside space can't open up, feels like it's just staying flat Can the critical level of 91,500 really hold? It's a bit uncertain The lack of rebound strength is right, but I also haven't seen any signs of a bottom Why is it always you missing out while I get trapped, fate Repeated tug-of-war at the lower band, it's just annoying to listen to Don't overthink it, you're right, my brain is just complicated haha This round of market is a frustrating rhythm, I've already given up on predictions BTC is just like this, ETH is following suit

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GasFeeVictim

· 8h ago

Still fluctuating, so annoying. Short at 93,000 directly, and it's done with one move. Over a thousand points profit? Alright brother, I haven't even closed this position yet. Just go down, no more TM rebounds. Feels like we're going to be stuck in the 90,000-93,000 range again. Bear suppression, nothing more to say. Is BTC like this? Wake up. Wait until it drops below 90,000 to open the champagne. The Bollinger Bands are speaking, can't you hear them? Rebound weakness +1, really can't see any opportunities. If this wave can break 90,000, then it's considered a profit.

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