January 24, 2026 13:45 (UTC+8), BTC price is approximately $89,800 USD, with a 24h range of 88,500-91,200, a slight decrease of about 0.3%. Trading volume is contracting, the daily chart shows a bear flag consolidation, with significant bullish and bearish divergence.

1. Key Levels and Structure

- Support: 88,500 (intraday strong support), 87,000 (mid-term key), 85,000 (strong defense)
- Resistance: 90,800-91,200 (intraday), 94,000 (previous high pressure)
- Structure: Since the low at 80,600, lows have been rising and highs moving higher, indicating a weak bullish structure with upward momentum but insufficient strength and a small slope. The break above the previous high at 94,000 failed, leading to a quick pullback, with selling pressure concentrated. Currently, the price is consolidating around 90,000, with a dense zone of chips repeatedly contested.

2. Indicator Signals (4h / Daily Chart)

- RSI (Daily): Neutral leaning weak (around 45-50), no oversold condition, gradually weakening rather than panic selling
- MACD (4h): Bearish momentum weakening, green bars are mild, no emotional panic selling, leaning towards range-bound decline
- KDJ (Daily): Slight downward probe from mid-low levels, weak downward trend, rebounds are mostly technical repairs, not trend reversals
- Volume: 24h trading volume is shrinking, insufficient buying, testing selling pressure, high probability of continued oscillation

3. Bullish and Bearish Scenarios and Strategies

- Bull Trigger: Volume confirms above 91,200, target 93,000-94,000, stop-loss below 90,000
- Bear Trigger: Break below 88,500 with volume, target 87,000-85,000, stop-loss above 89,500
- Range-bound Strategy: Within the range of 88,500-91,200, go short at the top and long at the bottom, quick entries and exits, position size ≤ 3%, strict stop-loss control

4. Risk Warning

- Chips are repeatedly contested in dense zones, the direction is unclear, beware of false signals of bullish or bearish traps
- Macro events or sudden news may trigger a breakdown, implement proper risk management
- The above is technical analysis and does not constitute investment advice.