2026-01-15 13:00:47

January 15th Technical Quick Review

Bitcoin has surged from over 90,000 to around 98,000, and it now appears to be nearing the end of its rally. The 4-hour candlestick is hugging the upper Bollinger Band and moving sideways, but the volume breakout hasn't followed through, giving a somewhat weak feeling. Switching to the 1-hour chart, the 97,900 level shows clear resistance, and attempts to rebound are unsuccessful. The MACD has formed a death cross, with the green bars still expanding, indicating short-term capital is retreating and bearish sentiment is spreading.

Personal bias leans bearish:

• Short Bitcoin in the 98,000-97,000 range, targeting the 96,000-94,000 zone
• Short Ethereum around 3,420-3,380, with a target between 3,350-3,300

The technical picture is as described; specific trading actions should be based on your risk tolerance.

BTC-0.85%

ETH0.3%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
7
Repost
Share

Comment

0/400

LiquidatedDreams

· 01-18 03:17

If 97,900 can't hold, it's time to run. I've seen too many of these patterns before, and they all end in a sharp decline.

View OriginalReply0

Token_Sherpa

· 01-18 01:53

nah the volume breakdown here is honestly textbook weakness... everyone's frontrunning exits before the real flush happens, not exactly revolutionary stuff. seen this play like a hundred times already.

Reply0

TokenomicsDetective

· 01-15 13:29

97900 is really a tough barrier that can't be broken through. It feels like this rally is about to pause.

View OriginalReply0

BlockchainBrokenPromise

· 01-15 13:29

Bollinger Bands hitting the top without volume increase, this wave really has no strength. If 97,900 can't be broken, consider shorting.

View OriginalReply0

ProofOfNothing

· 01-15 13:28

The phrase "heartless" is used very well here, it feels like BTC has reached its limit in this wave. --- 97,900 is stuck, the bears are indeed stirring. --- As soon as the death cross appeared, I knew it wasn't good news. Still waiting for a good opportunity to buy the dip. --- The green candles are enlarging, funds are fleeing, this is a signal for us. --- If 98,000 can't be broken, just look lower; there's no suspense. --- Shorting at this level of Ethereum is solid, just see how long it can hold up afterward. --- The phrase "risk tolerance" is well said; anyway, I'm waiting to buy the dip. --- The upper band of Bollinger Bands is flattening, indicating the bulls are exhausted. --- Can the defense line around 94,000 hold? That's the question. --- The previous strong rally has now all turned into peaks, a classic trap to lure buyers.

View OriginalReply0

PaperHandsCriminal

· 01-15 13:23

You're bearish again. I bet five dollars that I'll be proven wrong this time... But the 98,000 level is indeed a tough barrier. Anyway, I don't have the guts to buy the dip.

View OriginalReply0

BearMarketNoodler

· 01-15 13:05

The death cross has come down, and the 97,900 level is really hard to hold. Funds are clearly fleeing.

View OriginalReply0