2026-01-17 03:28:49

Market Briefing for January 17:

Bitcoin closed yesterday with a long lower shadow candlestick, and the daily chart has been trending downward for two consecutive days. Currently, BTC is consolidating around 9.5, with the overall trend showing a clear oscillating downward structure. Considering the market liquidity is relatively thin over the weekend, short-term volatility is not expected to be significant.

From a technical perspective, bullish positions can continue to be held for observation, while also preparing pending orders in advance for further declines. Price activity remains within the 9.5-9.7 range, which is an ideal zone for high sell and low buy operations—reducing positions near the top resistance and setting up for buy-in at the bottom support.

In the context of US core CPI data being below expectations, market sentiment remains cautious. Continued attention is needed to see if the 9.7 level can be effectively broken through, and whether the 9.5 level can hold as a key support.

BTC-0.56%

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.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

HorizonHunter

· 2h ago

Another period of consolidation, no need to mess around over the weekend, wait for next week's news.

View OriginalReply0

FancyResearchLab

· 2h ago

Again fluctuating between 9.5-9.7, this is like Luban No.7 under construction. Theoretically, high throw and low buy should work, but in practice, everyone ends up as the bag holder. With liquidity drying up over the weekend, I'll try this smart trap first.

View OriginalReply0

PanicSeller

· 2h ago

It's starting to fluctuate again. Liquidity is poor this weekend, so let's just stay flat.

View OriginalReply0

AirdropHunter