2026-01-20 01:22:17

Market Overview

After yesterday's decline, Bitcoin has entered a typical consolidation phase. Overnight, the rally around 93,400 was followed by a retreat to around 92,100 for short-term support. Currently, the price is oscillating between 90,600 and higher, with the overall momentum remaining quite weak. The high-level short strategy provided last night also successfully captured over a thousand points of profit.

**Technical Analysis**

From the four-hour chart, the Bollinger Bands have been in a consistent downtrend, indicating a structurally weak market that is unlikely to reverse in the short term. The price is moving narrowly near the lower band, suggesting that the bulls lack strength. The moving averages are all aligned in a bearish configuration, and all indicators point downward. The weakening of rebounds with each attempt is a typical sign of a weak market.

**Trading Recommendations**

If in the morning Bitcoin rebounds to the 93,000-93,500 range, this area presents a good opportunity for short positions. The key support levels to watch are between 91,500 and 90,000. The short-term exhaustion of the bulls is already a certainty, so there's no need to wait for a confirmed rebound; just look for high points to short.

BTC-2,11%

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GasWaster

· 8h ago

It's another bout of bearish suppression. This wave truly lacks momentum, and each rebound is weaker than the last. Truly remarkable.

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BearMarketMonk

· 8h ago

Another round of powerless rebound... Bollinger Bands are trending downward, moving averages are all empty, and each rebound is weaker than the last. Isn't this also the market using candlesticks to tell the cycle of human nature? The bulls are dead, only illusions remain. When it reaches around 93,000, it's time to act; 91,500 below is the real survival line. History always repeats itself, but the participants are rotating.

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OnchainUndercover

· 8h ago

Just took profit at over a thousand points; this short position was indeed solid. But now at the 90600 level, I feel like I need to watch a bit more. The rebound strength is getting weaker, which is a bit concerning.

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liquidation_watcher

· 8h ago

It's starting to tug again. This time, it's really exhausting, and the bears are still quite comfortable.

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GasOptimizer

· 8h ago

Bollinger Bands are trending downward + all moving averages are empty. I've seen this data combination too many times. A profit margin of over a thousand points sounds good, but from another perspective—funding efficiency is actually average. The fluctuation range is only 90600-93500. How much do transaction fees eat up? This rebound is indeed weak, but before shorting at 93000-93500, you still need to keep an eye on the on-chain big players' movements. Don't be fooled by the illusion of arbitrage opportunities.

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BlockchainBrokenPromise

· 9h ago

It's another bear market, a bearish world. Just go short directly at the high point and it's all over.

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