January 9th BTC Technical Analysis Strategy

Current Price Anchor: ≈91200 | Intraday Core Range: 89500-91800 | Trend Judgment: Short-term bearish, mainly technical correction, rebound volume limited, prioritize high sell and low buy within the range

Core Indicators and Key Levels

- Key Data: Intraday low 89262, Intraday high 91445
- Daily Chart: MACD death cross continues, green bars expanding, broke below short-term upward trend line, weak oscillation between 5/10-day moving averages, dominated by bears
- 4-Hour Chart: Weak rebound after touching Bollinger lower band, RSI exits oversold; insufficient volume, limited correction strength
- Support: 89500-90000, 89262 (intraday low), 88000-88500
- Resistance: 91445 (intraday high), 91800-92000, 92000-92500

Trading Strategies (Range High Sell and Low Buy)

1. Short on Resistance: Short near 91400-91800, stop above 92000, targets 90500, 89800
2. Long on Support: Long near 89500-90000, stop below 89200, targets 90800, 91200
3. Breakout Chase: Valid break above 92000, retest 91800-92000, long, stop below 91500, targets 92500, 93000
4. Defensive Break: Watch below 89200, or wait for stabilization at 88000-88500 to go long, stop below 87800, targets 89000, 89500

Risk Reminder

- Institutional ETF funds outflow suppresses rebound momentum
- Macro events like non-farm payrolls may trigger sharp volatility, trade with light positions and strict stop-loss
- When rebound volume is insufficient, strictly avoid chasing highs; prioritize high sell and low buy within the range