Hai Zhou Luan: 1.20 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights Today

Hai Zhou Luan: 1.20 Bitcoin (BTC) Market Analysis Reference:
Bitcoin maintained a narrow range consolidation over the weekend. Yesterday morning, the price retraced, with short-term downward momentum breaking through and accelerating. A rebound was triggered near the 91800 level after a pin bar. As of the latest update, the price is around 92500. From the daily chart perspective, Bitcoin's daily K-line surged higher then retraced with consecutive bearish candles. The current price has fallen back to the middle Bollinger Band, supported by the EMA30 (92000). The KDJ indicator is diverging downward, the MACD histogram is shrinking, and the fast and slow lines are showing signs of a death cross above the zero line. The RSI is in a neutral zone but continues to decline, indicating increased bearish momentum. Key support levels to watch on the daily Bollinger middle band (92300); a decisive break below could open further downside space. Short-term resistance is around 94000.
The 4-hour trend appears relatively weak, with the price breaking below the middle Bollinger Band and short-term moving averages, currently trading above the lower Bollinger Band. The KDJ indicator is approaching oversold levels, the MACD histogram remains red, and DIF and DEA are diverging downward below the zero line. RSI has entered oversold territory, reflecting dominant short-term bearish momentum. Although a technical rebound is possible, there are no clear bullish signals. The 1-hour chart continues to show weak oscillation, with Bitcoin rebounding slightly after a sharp dip to 91800, now trading between the lower and middle Bollinger Bands. The Bollinger Bands are narrowing, indicating reduced short-term volatility. The KDJ remains diverging downward, MACD shows signs of a death cross below zero, and RSI is in a neutral to low zone and continues to decline. Overall, the short-term price is likely to oscillate weakly with a downside risk. Resistance is at 93400 (upper Bollinger Band), and support levels include the previous key low at 91800 and the round number 90000.
Hai Zhou Luan: 1.20 Bitcoin Short-term Reference:
Long position: Buy in the 90000-91000 range, stop loss 500 points, target 91500-92000.
Short position: Sell in the 93500-94500 range, stop loss 500 points, target 93500-92500.
Hai Zhou Luan: 1.20 Ethereum Short-term Reference:
Short position: Sell in the 3240-3270 range, stop loss 30 points, target 3200-3150.
Long position: Buy in the 3050-3100 range, stop loss 30 points, target 3150-3200.
This content is originally shared by 【Hai Zhou Luan】, representing personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! We hope that on your investment journey, regardless of how the market changes, you can stick to your principles, stay rational and calm. Deeply understand the characteristics, risks, and profit mechanisms of investment products, and avoid being swayed by short-term market fluctuations. Wishing all fans and friends to have keen insight, seize opportunities, make perfect decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#BTC