January 18th Bitcoin Market Outlook

The four-hour chart is currently in a technical adjustment cycle, with candlesticks frequently forming long lower shadows. This clear signal confirms solid buying support below and strong capital absorption. This pullback is definitely not a trend reversal but a healthy technical correction to digest short-term profit-taking during the upward move. There is no need for excessive concern.

The starting point of the previous large bullish candlestick is a critical support zone for the bulls—this is both a turning point in market sentiment and the cost basis for major funds. As long as the price stabilizes within this range, the strong consolidation pattern will remain intact. The short-term correction essentially prepares for the next upward push. Coupled with continued macroeconomic positive factors and sustained net capital inflows, the core driving logic of the current market remains unchanged.
Bitcoin Trading Strategy: During the pullback near 94,400-93,800, consider buying; target the range of 95,600-97,000.