2026-01-16 17:29:19

Bitcoin is now at the 94,700 level, and the daily chart has already fallen from the high of 96,500. Looking at the candlestick chart, consecutive bearish candles are oscillating downward, indicating that short-term bears are in control. The 2-hour chart repeatedly tested the previous low of 94,290 but failed to break below it effectively, so there is still support here.

The MACD on the daily chart shows a dead cross downward, which is a bearish signal. However, although the bearish momentum on the 2-hour chart is strong, a careful look at the values shows they are decreasing. Both EMA7 and EMA30 are below the price, indicating a bearish trend. But there is a detail—EMA120 is still far from the current price, suggesting that the long-term trend is still upward. Therefore, in the short term, there may be a rebound probability for Bitcoin, and the bearish trend could be reversed. In this situation, it’s better to mainly consider shorting at high levels.

**BTC Short-term Reference:**
Long Entry: Enter in the 94,000-93,500 range, stop loss below 93,000, target above 95,500, and it would be even better if it can push above 96,500.
Short Entry: Enter in the 95,500-96,000 range, stop loss if it falls below 96,500, target below 95,000, ideally down to 94,000.

**Ethereum (ETH) Here:**

At the time of writing, ETH is at 3,266. The short position given two days ago at the high has already been realized, and the bearish trend continues. Recently, it has been oscillating around 3,300 without breaking the previous high of 3,384. The daily candles have closed with two bearish candles, breaking below the EMA7 support, indicating a short-term weakness. The 2-hour MACD shows that the bearish momentum is dominant.

The main force has broken below EMA7 and EMA30, with clear short-term moving average resistance. The key support at EMA120 is around 3,200, indicating that short-term consolidation is still needed. Based on this judgment, the high-level short position remains the main theme; wait for a pullback to continue shorting.

**ETH Short-term Reference:**
Long Entry: Enter in the 3,200-3,150 range, stop loss below 3,120, target above 3,300, aiming for 3,350.
Short Entry: Enter in the 3,300-3,350 range, stop loss if it falls below 3,380, target below 3,200, aiming for 3,150.

The above analysis is for reference only. The market is ever-changing, and risks are to be borne by oneself.

BTC0,84%

ETH1,67%

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HalfPositionRunner

· 9h ago

94700, still want more at this height? I think it's risky; the short-term bearish momentum is strong, unless it can hold the 94290 level. EMA120 is still so far away, indicating that the long-term still wants to go up, but in the short term, you really need to be cautious. High-level short positions are the safer bet. Over on ETH, it's even worse; it can't hold at 3266, breaking below EMA7, so let's keep an eye on 3200.

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liquidation_watcher

· 22h ago

I feel like I need to take another look at this position around 94,700; the EMA120 is still holding up, so don't rush to go all in on short positions. --- Bitcoin is a bit annoying this wave, repeatedly testing 94,290 but just can't break below it, indicating that the bulls are still quite strong. --- ETH has already realized the short position from the day before yesterday, feeling good, continuing to wait for the support at 3,200 to break. --- Going short at high levels is fine, but the EMA120 line makes me a bit uncertain; overall, I remain bullish in the long term. --- What is the win rate for the bullish range between 94,000 and 93,500? It feels a bit uncertain. --- How is the risk-reward ratio calculated for short positions between 3,300 and 3,350? The stop loss seems too wide. --- The MACD has a death cross but the momentum is shrinking, which is quite awkward; it might be a false breakout. --- Two consecutive bearish candles and then a run; we still need to look at volume to speak, indicating some psychological issues.

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Degentleman

· 22h ago

94290 this support level must hold, or it will be troublesome I followed the short positions, betting that this wave can drop to 94000 EMA120 is still above, it feels like there's still hope in the long term, just short-term is annoying The short positions from a couple of days ago really made money, ETH continues to short If this rebound goes above 96500, I will exit, greed will cause losses If 3200 can't hold, there will be a problem, we'll see then

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GasFeeCryer

· 22h ago

The 94,700 level doesn't have much room; it feels like it will either drop straight down or bounce back to 96, with no real middle ground.

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DegenMcsleepless

· 22h ago

94700 this level won't die, a rebound is definitely coming --- Wait, EMA120 is still so far away? Long-term can still go up, why keep fighting the short positions --- Entering long at 94000 without hesitation, take advantage of the rebound --- The bearish momentum is shrinking, this might be a sign of a reversal --- Bitcoin's current state, volatility is the main theme --- EMA7 has already broken below, short-term is really painful --- Holding the cash position, see you at 3200 --- 94290 must hold this support, or else it’s a big problem --- I just want to know if it can break through 96500... feels uncertain --- Continuous downtrend but momentum is weakening, this logic is interesting

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LiquidityHunter

· 22h ago

94700, this position is indeed awkward. The death cross happened, and now there's still a desire to rebound—quite a hassle.

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RugPullAlertBot

· 22h ago

94700, this support level is about to be tested again. It still feels like we should continue to short.

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SerNgmi

· 22h ago

I said yesterday that this position at 94700 should be shorted. Now, looking at the MACD death cross, it’s indeed a bit harsh, but the probability of this rebound is really not small. The continuous downward candles are dropping so fast that I’m a bit panicked. I always feel that EMA120 being so far away indicates there’s still hope. Even if I go short or long, I might get reversed and killed. I’d rather wait until 95500 to act. Can this support hold? I’m a bit worried. ETH at 3266 has already retraced quite a bit, but there still seems to be pressure around 3300.

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