$BTC ‌Today bearish outlook

As of 16:00 on January 9, the real-time price of Bitcoin is approximately $90,800, fluctuating within the range of $89,200-$91,400 for the day. From a technical perspective, the daily MACD shows a death cross with increasing green bars, indicating short-term bearish dominance. However, the 4-hour RSI has exited the oversold zone, suggesting a need for technical correction. Market-wise, ETF fund outflows and profit-taking have intensified selling pressure, with over $460 million in total contract liquidations across the network in 24 hours, with long positions accounting for over 90%. Nevertheless, strong buying interest below $90,000 supported a quick rebound after a dip to $89,200 yesterday. Considering technical patterns, capital flows, and support levels, the probability of breaking below $90,000 on the evening of January 9 is relatively low, but caution is advised ahead of non-farm payroll data. Bitcoin minute-by-minute price tracking from 17:00 to 19:00 on January 9 (as of 19:00):

- 17:00-17:30: 90,780→90,850, slight rebound, bulls testing
- 17:30-18:00: 90,850→90,620, oscillating downward, approaching $90,500 support
- 18:00-18:30: 90,620→90,710, stabilizing rebound, buying support emerging
- 18:30-19:00: 90,710→90,820, oscillating upward, not breaking the $91,000 resistance

Key observations:

- Core range: $90,000-$91,000, strong support at $89,200-$89,500
- Volume: 24-hour trading volume of $1.108 billion, sufficient liquidity, controlled volatility
- Conclusion: Price stabilized between $90,600-$90,900 from 17:00 to 19:00, not falling below $90,000, with strong support around $89,200