2026-01-20 01:22:16

Last night, Bitcoin experienced a correction and entered a consolidation phase. After rebounding from the low point to around 93,400 and touching the top, it slightly retraced and is currently holding steady above 92,000.

From the four-hour timeframe, the Bollinger Bands are continuously narrowing, showing an overall stable trend, with the price consolidating around the middle band. The moving averages are clearly converging, forming effective support. Notably, several momentum indicators have shed their weak trend and are beginning to signal stabilization.

In terms of trading strategy, it is recommended to go long within the 92,000-91,500 range, with the first target at 94,500. Once this level is effectively broken, you can continue to look for a move towards 96,500.

For Ethereum, consider entering long positions in the 3,150-3,120 range, with the target around 3,280.

BTC7,49%

ETH6,89%

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MoonMathMagic

· 01-22 16:36

If you can't hold this level at 92,000, it will directly go downhill. Let's see if it can break through 94,500 later.

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UncleLiquidation

· 01-20 01:52

It feels like you need to repeatedly test this level 92000, don't rush to chase the high.

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TokenTaxonomist

· 01-20 01:43

ngl the bollinger squeeze narrative is getting tired... statistically speaking, consolidation plays like this have a 40% breakdown probability per my spreadsheet. data suggests that 92k support might be more psychological than structural here

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GasFeeAssassin

· 01-20 01:24

It seems a bit uncertain at the 92,000 level; I feel it needs to break through again to feel confident.

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RetailTherapist

· 01-20 01:22

92000 this level really needs to hold, otherwise it will drop back down again Only when it breaks 94500 will it be interesting, let's not think about 96500 for now That's how the crypto world is—when it rises, you don't dare to chase, and when it falls, you hesitate I'm not very optimistic about this wave of Ethereum; it seems like it will fluctuate for a while longer

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