2026-01-12 06:28:13

January 12th Bitcoin and Ethereum Market Observation

Bitcoin's recent weekly candle opened with a volume contraction and a rebound, but the momentum appears relatively weak. The 93,000 level remains the current battleground between bulls and bears. The issue is that overall market liquidity is at a 22-year low, and short-term (4-hour) technical signals are frequently invalidating, causing the price to fluctuate within a range.

From a trading perspective:

If the price initially dips, the 90,000–90,500 zone is worth watching as a good support area for entry. If a rebound approaches 93,000–93,500, this zone still overlaps with previous accumulated trading volume and resistance levels, making it a key short-term battleground to understand.

In simple terms, the current market is not suitable for chasing prices; the key is to grasp the rhythm within these critical zones.

Ethereum is closely following Bitcoin's movement, currently stuck in a narrow range of 3050–3180, with no clear direction in the short term. The focus of the tug-of-war between bulls and bears is around the support zone of 3030–3060. Whether this area holds or not will directly determine short-term volatility. Until a substantial breakout occurs, it’s safer to treat it as a consolidation pattern.

Pay attention to US data
📌 US Unadjusted CPI Year-over-Year
🕘 Release Time: January 13th, 21:30 (Beijing Time)

This set of data is likely to have a significant impact on market risk appetite and short-term volatility. Close attention should be paid to price movements before and after the release.

BTC-3,55%

ETH-3,71%

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BearMarketMonk

· 01-15 03:50

All technical signals at low liquidity levels have completely failed. Now it's just a gambler's game. Waiting for the CPI data to come out so these key levels can reveal the true direction. ETH has been quite volatile this wave; I won't move until it breaks 3030. It's really frustrating to keep messing around; better to wait for clear signals before jumping in. With such heavy pressure at 93,000, it feels like it still needs to be pushed down a bit.

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BlockchainBouncer

· 01-15 03:27

Liquidity is so low, and technical analysis has also become ineffective. This wave is really a gambling-level market. The 93,000 level needs to be confirmed multiple times before acting. Tomorrow night’s CPI is the real reshuffle moment. Holding positions now is too risky. ETH looks terrible, completely at the mercy of the market, really absurd. Around 90,000 could be considered for a position, but you need to be mentally prepared.

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RugpullSurvivor

· 01-12 06:58

Are we going to mess around for another week? I'm really fed up. This liquidity is just too dry; short-term trading is impossible. Waiting to see if tomorrow's CPI will cause a sell-off. The 93 level is just a joke; testing it repeatedly is so annoying. It's better not to chase prices; just wait patiently for signals.

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AirdropHuntress

· 01-12 06:51

With such poor liquidity, the 4-hour signals are all fake. Right now, just hold on to those key points and wait for the data. Don't chase blindly; it's best not to move anything before the CPI is released.

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TokenStorm

· 01-12 06:31

A volume-reducing rebound + liquidity bottoming out, this combination is testing our courage to be the first to withdraw. The promised 93,000 sniper, but it kept fluctuating between 90,000 and 90,500. I bet this CPI data will give the answer directly. Otherwise, we might just be dancing in the eye of the storm these past two days. The 4-hour signals have completely failed. Instead of chasing prices, it's better to wait for support. Anyway, I've seen through it long ago. If Ethereum can't hold the 3030 line, I'll admit defeat. The technical signals are just so-so.

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BlockDetective

· 01-12 06:30

What momentum can a volume-reducing rebound have? The 93K barrier still needs to be tested repeatedly. Wait, liquidity is at its lowest level since 2022? Is that true? It feels like the market is holding back a big move. Tomorrow's CPI release is probably going to cause another wave of volatility. Still, let's wait for the trend to come. The 90K level is definitely worth watching closely; it all depends on whether it can hold. ETH's volatility is outrageous. If it drops below 3050 again, I need to get in. The most annoying thing right now is the 4-hour signal failure; nothing can be trusted.

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