【CryptoWorld】BTC shows a clear correction in the past 4-hour K-line. From midnight on January 14th to now, the overall price decline is obvious, although there was a rebound compared to the same period the previous day, it still declined compared to 12 hours ago. The last few K-lines show a bearish pattern, with closes consistently below opens, indicating that the bears are gradually taking control.
Volume is quite interesting—when the price rises, the volume actually shrinks, which is a dangerous signal. When trading volume cannot keep up with the price increase, it often indicates that the upward momentum is weakening, and a sharp rise may be followed by a pullback.
From technical indicators, the MACD positive bars are gradually shortening, showing that the bullish momentum is weakening. The KDJ has entered the overbought zone (value at 94), suggesting short-term correction pressure. RSI has broken above the 70 overbought line, and combined with the K-line pattern, it hints at a possible technical decline. MA10 remains above MA30, but this advantage is shrinking.
There are several key levels to watch in trading: for bullish positions, consider entering around 90053; another entry point is at 90523. Place stop-loss for longs at 89880. Conversely, if bearish, the first target is 95770, with a deeper target at 96467, and a short stop-loss at 96199.
Current support is at 88916, resistance at 95770. The high in this 4-hour period is at 95720, and the low is at 90332. Overall, the bulls need to hold above 90000, otherwise there is further downside space.
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POAPlectionist
· 3h ago
The pattern of price rising on shrinking volume, I've seen it too many times, and every time it ends the same way.
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Can 90,000 really hold? It feels like it's about to break at any moment.
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I noticed the MACD bars shortening a long time ago; this wave is indeed weak.
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Still trying to push higher in the overbought zone? Wake up, everyone.
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With the KDJ at 94, are there still people daring to chase long? I really can't hold it anymore.
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It's another technical decline pattern; every time it's called technical, it ends up falling.
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The 10-day moving average is almost touching the 30-day MA. Is this really a reversal?
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The bears have taken over; that previous rally was truly fake.
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It feels like 90,000 is a psychological barrier. If it's broken, will it crash directly?
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The RSI has also broken 70. Now, what support is left, friends?
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The most terrifying thing is shrinking trading volume; any rebound without volume is a trap.
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Tokenomics911
· 3h ago
I looked at the shrinking volume, and it does seem a bit weak... Can 90,000 still hold?
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ContractFreelancer
· 3h ago
The shrinking volume means trouble is coming; this wave is really risky.
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pvt_key_collector
· 3h ago
Volume contraction signals a top; this rally and pullback are set in stone.
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90000 really can't hold; I bet five bucks it will break.
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Bearish takeover? Wake up, it's the same old story. Next time should bottom out and rebound, haha.
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KDJ is entering overbought, and RSI has also broken the line. The technicals are indeed a bit strained.
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Always analyzing like this, but in the end, it's just reverse trading to make money.
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The mismatch between volume and price is the most annoying; this is a sign of a shakeout.
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Once MA10 is caught up by MA30, it probably means a big drop is coming.
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It looks like it needs to fall to 90k to hold, but I think it will continue to probe lower.
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The MACD positive bars are getting shorter, which is interesting; the bulls are indeed losing strength.
View OriginalReply0
ApeWithNoChain
· 3h ago
The signal of declining volume is really unsustainable; it feels like it's about to break 90,000.
View OriginalReply0
MerkleDreamer
· 3h ago
Divergence between price and volume really signals trouble; it feels like the upward momentum is stalling.
BTC 4H Technical Analysis: Bullish momentum waning, key support level around 90,000
【CryptoWorld】BTC shows a clear correction in the past 4-hour K-line. From midnight on January 14th to now, the overall price decline is obvious, although there was a rebound compared to the same period the previous day, it still declined compared to 12 hours ago. The last few K-lines show a bearish pattern, with closes consistently below opens, indicating that the bears are gradually taking control.
Volume is quite interesting—when the price rises, the volume actually shrinks, which is a dangerous signal. When trading volume cannot keep up with the price increase, it often indicates that the upward momentum is weakening, and a sharp rise may be followed by a pullback.
From technical indicators, the MACD positive bars are gradually shortening, showing that the bullish momentum is weakening. The KDJ has entered the overbought zone (value at 94), suggesting short-term correction pressure. RSI has broken above the 70 overbought line, and combined with the K-line pattern, it hints at a possible technical decline. MA10 remains above MA30, but this advantage is shrinking.
There are several key levels to watch in trading: for bullish positions, consider entering around 90053; another entry point is at 90523. Place stop-loss for longs at 89880. Conversely, if bearish, the first target is 95770, with a deeper target at 96467, and a short stop-loss at 96199.
Current support is at 88916, resistance at 95770. The high in this 4-hour period is at 95720, and the low is at 90332. Overall, the bulls need to hold above 90000, otherwise there is further downside space.