January 22 BTC Technical Overview (As of 11:50, price around 90,000)

- Conclusion: Short-term wide-range fluctuations, daily chart slightly bearish, no clear trend on 4H, wait for breakout signals to determine direction.
- Key levels: Support at 87,200-87,800, 89,000; Resistance at 90,500-91,000, 91,500-92,000.
- Strategy: Buy the dip and sell the rally, strictly control positions, follow the trend after breaking support/resistance.

Core Indicators and Patterns

- Daily chart: Consecutive bearish candles, Bollinger lower band around 87,800, RSI weak, bears dominate; rebound after holding the lower band, or weak rebound.
- 4H: Range between 87,200-90,500, increasing volume, sharp rises and falls, clear oscillation characteristics.
- RSI: Daily <40, 4H oscillates between 40-50, no overbought or oversold, balanced bulls and bears.
- Moving averages: Short-term daily MA resistance above 90,500-91,000, trend resistance at 91,500-92,000.
- Support: 89,000 (short-term), 88,300-87,800 (Bollinger lower band + yesterday’s low), 87,200 (intraday low).

Trading Strategies

1. Oscillation Strategy: Short positions on rebounds to 90,500-91,000, stop loss at 91,500, targets at 89,000 and 88,000.
2. Pullback Strategy: Light long positions on pullbacks to 88,300-87,800 with stabilization, stop loss below 87,200, targets at 89,500 and 90,500.
3. Breakout Strategy: Stand firm above 91,000 for longs, target 91,500-92,000; break below 87,200 for shorts, target 86,000-85,000.
4. Risk Control: Single position ≤5%, stop loss 1.5%-2%; prioritize waiting for breakouts, avoid chasing rallies or panic selling.

Key Reminders

- 90,000 is a psychological and technical dividing line; expect mainly consolidation before breaking.
- Mining difficulty today decreased by about 4%, watch for turning points in hash rate and hash ribbon.
- Geopolitical and macro risks remain, volatility may increase, confirm direction with price breakouts and volume.