#数字资产市场动态 January 20, 2016 BTC Technical Overview:

Taking a quick look at the 1-hour candlestick chart, Bitcoin is currently at a very critical point.

It previously dropped from the 97,900 peak and found a bottom around 91,900. Now it’s rebounding. This rebound didn’t surge all at once but instead oscillated repeatedly within the 91,900 to 93,400 range—classic central pivot structure.

There’s a clear signal on the MACD: a bullish divergence appeared at the 91,900 low. What does that mean? It indicates that while the price made a new low, the green bars on the indicator shrank, and DIF and DEA didn’t make new lows. This usually suggests the downward momentum is waning, and the rebound is genuine.

Looking at the position: $BTC is now at 92,648, in the middle of this oscillation zone. If it can hold above 93,400, the rebound is likely to continue, with a target around 94,500. Conversely, if it breaks below 91,900, be prepared for a new downward wave.

Practical advice: During this central pivot oscillation window, consider selling high and buying low for range trading. Once it breaks above 93,300, go long. But if it falls below 91,850, quick stop-loss is necessary, and you might also consider small short positions to test the waters.