Last night during the US stock market holiday, the market showed limited fluctuations. Bitcoin surged to 93,300 but then showed signs of significantly decreasing trading volume, which is a noteworthy signal. From a technical perspective, although the MACD indicator indicates that the bearish momentum is gradually weakening, the overall market is still in a typical consolidation pattern without a clear directional trend.
Regarding recent resistance levels, around 93,500 continues to serve as a key resistance. Considering the current market rhythm, the intraday trading strategy is recommended to focus on shorting rebounds.
Specifically, if Bitcoin rebounds to the 92,800-93,200 range, it can be used as a reference point for short positions. If it fails to hold steady and breaks downward later, support levels are likely to be found around 91,000 to 92,000. Overall, the market still needs to wait for more definitive breakout signals to confirm the subsequent direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
6
Repost
Share
Comment
0/400
OfflineNewbie
· 15m ago
Shrinking trading volume and then trying to rebound and short? I'm tired of this routine. Let's wait until a breakdown to decide.
View OriginalReply0
RektButAlive
· 9h ago
The shrinking trading volume is an interesting signal. It's another period of consolidation, and we're waiting for a breakout... To be honest, we still don't know which direction it's heading.
View OriginalReply0
GateUser-afe07a92
· 9h ago
The shrinking trading volume signals are a bit interesting; it feels like something's about to happen.
View OriginalReply0
Anon32942
· 9h ago
The signal of shrinking trading volume... interesting, do we have to wait for a breakthrough again?
View OriginalReply0
SeasonedInvestor
· 9h ago
When the signal of shrinking trading volume appears, seasoned traders know to watch their wallets closely. Let the consolidation happen; after all, it's not the first time we've been stuck here.
View OriginalReply0
MEVictim
· 10h ago
The shrinking trading volume is really something to keep an eye on. Consolidation is just so annoying.
#美国核心物价涨幅不及市场预估 $BTC $ETH | January 20 Morning Market Analysis
Last night during the US stock market holiday, the market showed limited fluctuations. Bitcoin surged to 93,300 but then showed signs of significantly decreasing trading volume, which is a noteworthy signal. From a technical perspective, although the MACD indicator indicates that the bearish momentum is gradually weakening, the overall market is still in a typical consolidation pattern without a clear directional trend.
Regarding recent resistance levels, around 93,500 continues to serve as a key resistance. Considering the current market rhythm, the intraday trading strategy is recommended to focus on shorting rebounds.
Specifically, if Bitcoin rebounds to the 92,800-93,200 range, it can be used as a reference point for short positions. If it fails to hold steady and breaks downward later, support levels are likely to be found around 91,000 to 92,000. Overall, the market still needs to wait for more definitive breakout signals to confirm the subsequent direction.