2026-01-20 00:24:24

Morning Thoughts

After last night's market adjustment, Bitcoin entered consolidation. It rebounded from lower levels, briefly touched around 93,400, then pulled back. Currently, it is stable above 92,000.

Looking at the four-hour chart, the Bollinger Bands are gradually tightening and stabilizing, with the price repeatedly gathering strength around the midline. The moving average system is converging clearly, providing support. More importantly, multiple momentum indicators have moved out of weakness and are beginning to signal stabilization.

Trading Suggestions
Buy long on Bitcoin at 92,000-91,500, targeting 94,500. If a successful breakout occurs, continue to watch 96,500.
Buy long on at 3,150-3,120, with a target near 3,280.

BTC-2,54%

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