#2026年比特币行情展望 $BTC What is the overall outlook on this wave of market movement? Market scan from January 1st to 5th

Current price is 92,519, just hitting the neckline of the daily M-top. Honestly, this is quite sensitive— the daily chart has already formed a weak bottom pattern, and on the 30-minute chart, we haven't seen three consecutive upward moves completed yet, so the previous sell line segment at 2 is still in place.

The upcoming logic is quite clear:
👉 If the rebound can reach 94,435, the 30-minute top pattern will turn into a type 2 sell
👉 If it doesn't break through, the top pattern is a 3 sell

At the same time, keep an eye on several key levels— the daily neckline at 93,500. Once it breaks below 91,500, the bearish target for the M-top is aimed at the 91,500-92,500 range. Plus, with the lower boundary of the daily pen central zone at 87,365 pressing down there, the trend still leans toward bearish.

Looking at the bottom trumpet pattern, it hasn't broken through the upper band yet, maintaining a generally bearish structure.

Combining Chanlun and morphological analysis, static support levels are locked at 92,500 (the M-top neckline) and 87,150 (the lower boundary of the pen central zone), dynamic support is at 92,280 in the trumpet pattern lower band; resistance levels are at the 30-minute segment central zone (upper band 93,520, lower band 91,250), and around 92,250. The upper band of the trumpet pattern is also moving in real-time, so don’t ignore it.

Is this wave a trap for more longs or a genuine reversal? The key depends on whether it can effectively break through these resistance levels; otherwise, a retest of support is just a matter of time.