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-0,38%

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HorizonHunter

· 3h ago

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

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FancyResearchLab

· 3h 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.

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PanicSeller

· 3h ago

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

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AirdropHunter