2026-01-22 14:00:51

Bitcoin currently exhibits a clear bearish pattern. From a technical perspective, the daily ADX indicator exceeds 42, and on the 4-hour chart, it even surpasses 50. The price has already broken downward, and the previous bullish arrangement has completely collapsed. All these point to a clear signal: the bearish force dominates.

Regarding current trading opportunities, there are two strategies to consider. One is to short on rebounds, and the other is to follow the trend and short directly. The key support zone is around 88,000 to 88,500, while 90,000 to 90,500 serves as resistance and shorting points. For stop-loss placement, exit above 91,000.

Looking at targets, the first target is 88,000, the second target is lowered to 86,500, and the ultimate target points to the range of 75,200 to 75,500. Overall, there is little resistance for the bears; as long as it does not break above 91,000, there is a chance to head straight to 75,200.

BTC-0,73%

ADX-3%

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VitalikFanAccount

· 9h ago

Is the short position so fierce? Can 91,000 really hold? It feels like it's about to break. --- 75,200 is so far away, how many times would it need to shrink in between... --- ADX is already over 50, is this serious or just a fake-out? --- It's more satisfying to smash directly than to chase rebounds. Who still waits for a rebound? --- If 88,000 can't hold, it will break through directly. That's nothing anymore. --- Is 91,000 a natural barrier? It feels a bit too absolute... --- The bears are comfortable, and the bulls are completely beaten down. --- There are so many target levels, can it really reach all of them? --- Chasing short or not chasing short, it mainly depends on the amount of funds. Small investors should follow the trend. --- I'm exhausted from breakouts, all these indicators are just lies.

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MevTears

· 9h ago

75200 can it really reach? I feel like it's not that easy.

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SelfSovereignSteve

· 9h ago

The short-term move looks a bit fierce, with ADX soaring to 50. There's really no suspense. Whether to chase the short or rebound and short depends on your mindset. I think it's safer to wait until the 91,000 break before taking action. The 75,200 target feels a bit greedy. Let's first hold on to the 88,000 level.

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ForkMaster

· 9h ago

Well, ADX is already over 50, and this wave definitely has a strong bearish vibe. But I'm more concerned about whether the 91000 level can hold. If it doesn't, our cost to exit this position will be high. Three-Wa Dad needs to be cautious this time; cutting losses hurts the most.

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FlatlineTrader