January 9th BTC Cycle Analysis

Weekly Chart

The trend shows signs of stabilization, with the KDJ indicator showing an upward turn, and a preliminary bottom divergence structure has formed, indicating potential bottoming characteristics on the technical chart. We are currently awaiting more definitive signs of stabilization and rebound, and it is recommended to continue monitoring changes in fundamental factors.

Daily Chart

The price has broken below the short-term upward trendline and is now oscillating between the 5-day and 10-day moving averages. The consecutive bearish candles suggest that short-term bullish momentum has weakened, and the market is in a short-term adjustment phase.

4-Hour Chart

The MACD indicator remains below the zero line, but the histogram has expanded and is now gradually shrinking, which typically suggests that bearish pressure is weakening and downward momentum may be nearing exhaustion. For intraday short-term trading, it is recommended to look for opportunities to take long positions at lower levels after a pullback.

Resistance Level: Around 94,000

Support Level: 89,300 - 88,300