January 1st BTC Technical Analysis (As of 12:16, Price approximately $88,500)

- Core Judgment: Daily chart is bearish + 4-hour consolidation + hourly chart shows slight bullishness. During the holiday with low liquidity, focus on the range of 87,000–89,000 for trading, with key levels at 88,800 and 87,000.

Key Price Levels (USD)

- Resistance: 88,800 (4-hour upper band) → 90,000 (psychological level) → 92,000 (medium-term resistance)
- Support: 87,000 (intraday weak support) → 86,000–86,500 (medium-term moving averages) → 85,769 (100-week EMA, strong support) → 82,000 (if broken, look lower)

Indicators and Patterns

- Daily: Facing resistance at EMA30, 7/30-day moving averages are in a bearish alignment; RSI≈41 (neutral to slightly bearish), MACD dead cross with decreasing momentum, downward momentum weakening but trend not yet bullish
- 4-hour: Consolidating, upper band at 88,800 acting as resistance, lower band at 87,800 as support; RSI neutral, no clear direction
- Hourly: RSI leaning bullish, MACD slight golden cross, limited short-term bullish momentum, susceptible to liquidity influences

Trading Strategies (Actionable)

- Short-term (Intraday): Buy low and sell high within the range. Buy small positions in batches at 87,500–88,000, with stop-loss at 87,000, target at 88,800; Light short positions near 88,800 with stop-loss at 90,000, target at 87,800; single position size ≤10%, quick in and out
- Mid-term (1–2 weeks): Build positions gradually between 86,000–88,000, total position ≤30%; Maintain at 85,769 (100-week EMA), reduce or wait if broken; after breaking above 90,000, add positions, targeting 92,000
- Risk Management: Strict stop-loss during low liquidity, avoid heavy positions and high leverage; monitor ETF fund flows and central bank policy impacts