1.23 Friday Intraday Bitcoin Analysis

The current price is oscillating around the 89,600 level. After reaching a previous high of 97,932 and then pulling back, a clear downward structure has formed. A technical rebound occurred after touching 87,205, but overall, it remains below the medium-term moving averages MA144 and MA169. The rebound strength is limited, and the trend is weak. The moving averages are turning downward, indicating that selling pressure above still exists. The MACD is below the zero line; although the green bars are shortening and there are signs of a golden cross, the trading volume is insufficient, mostly representing a superimposed correction.

Personal advice, for reference only (strictly set stop-loss)
Bitcoin around 90,300, see a rebound at 91,500, target 89,000, 87,300, and if broken, look at 86,000$BTC