2026-01-12 13:23:32

Bitcoin's market has reached this point, and the technical signals are actually quite clear. Some traders are still going against the trend by chasing longs, but in the end, they can only get caught at high levels. The market will never give such traders a second chance to turn things around.

From the four-hour chart, BTC broke through 91,500 but then fell back down. This level still shows significant resistance. The overall trend is weak, with a sideways pattern characterized by resistance above and support below.

The most critical technical detail: the price is consolidating around 90,661, precisely between the middle band (90,229) and the lower band (90,042) of the Bollinger Bands. The MACD indicator has already signaled—two lines are severely diverged, indicating that the bearish momentum remains strong.

**Trading reference**:
- Tonight for BTC: Consider short positions around 91,500-91,000, targeting the 90,000-89,500 range
- Tonight for ETH: Short around 3,170-3,150, with a target of 3,100-3,070

BTC1,2%

ETH1,42%

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