

âđ Bitcoin Market Analysis: Local Downtrend and Key Support Levels
âDate: January 31, 2026
Timeframe: 15-Minute (Short-term)
â1. Market Overview (āĻŦāĻžāĻāĻžāϰ āĻĒāϰāĻŋāϏā§āĻĨāĻŋāϤāĻŋ)
âThe current price of Bitcoin is sitting exactly at $83,000.00. Looking at the 15-minute chart, we can see a clear bearish momentum over the last few hours. After failing to hold the $84,000 level, the price has experienced a sharp decline.
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â2. Technical Indicators Analysis (āĻā§āĻāύāĻŋāĻā§āϝāĻžāϞ āĻāύā§āĻĄāĻŋāĻā§āĻāϰ āĻŦāĻŋāĻļā§āϞā§āώāĻŖ)
âMoving Averages (MA): The price is currently trading below all major moving averagesâMA(7), MA(25), and MA(99). This indicates that the short-term and medium-term trend is bearish. Specifically, the MA(7) is dropping sharply, acting as immediate resistance.
âCandlestick Pattern: The last few candles are large red "Marubozu" style candles, showing aggressive selling pressure. However, the price has touched a psychological round number ($83,000), which might offer temporary relief.
âVolume: We see a spike in red volume bars during the dump, confirming that the downward move is backed by significant selling activity.
âāĻŽā§āĻāĻŋāĻ āĻāĻāĻžāϰā§āĻ (MA): āĻĻāĻžāĻŽ āĻŦāϰā§āϤāĻŽāĻžāύ⧠āϏāĻŦ āĻā§āϰā§āϤā§āĻŦāĻĒā§āϰā§āĻŖ āĻŽā§āĻāĻŋāĻ āĻāĻāĻžāϰā§āĻ (MA 7, 25, 99)-āĻāϰ āύāĻŋāĻā§ āĻ āĻŦāϏā§āĻĨāĻžāύ āĻāϰāĻā§āĨ¤ āĻāĻāĻŋ āύāĻŋāϰā§āĻĻā§āĻļ āĻāϰ⧠āϝ⧠āϏā§āĻŦāϞā§āĻĒ āĻ āĻŽāϧā§āϝāĻŽā§āϝāĻŧāĻžāĻĻā§ āĻā§āϰā§āύā§āĻĄ āĻāĻāύ āύāĻŋāĻŽā§āύāĻŽā§āĻā§āĨ¤ āĻŦāĻŋāĻļā§āώ āĻāϰ⧠MA(7) āĻā§āĻŦ āĻĻā§āϰā§āϤ āύāĻŋāĻā§āϰ āĻĻāĻŋāĻā§ āύāĻžāĻŽāĻā§, āϝāĻž āĻŦāϰā§āϤāĻŽāĻžāύ⧠āĻāĻāĻāĻŋ āĻŦāĻžāϧāĻž (Resistance) āĻšāĻŋāϏā§āĻŦā§ āĻāĻžāĻ āĻāϰāĻā§āĨ¤
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â3. Key Levels to Watch (āĻā§āϰā§āϤā§āĻŦāĻĒā§āϰā§āĻŖ āϞā§āĻā§āϞāϏāĻŽā§āĻš)
âSupport (āϏāĻžāĻĒā§āϰā§āĻ): $83,000 is the immediate psychological support. If it breaks, the next major target could be around $82,500 - $81,870 (24h Low).
âResistance (āϰā§āĻāĻŋāϏā§āĻā§āϝāĻžāύā§āϏ): For a recovery, BTC needs to break back above $83,400 (MA 7) and consolidate. The major hurdle is at $83,800 (MA 25 & 99 junction).
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âāϰā§āĻāĻŋāϏā§āĻā§āϝāĻžāύā§āϏ: āĻŦāĻžāĻāĻžāϰ āĻāĻŦāĻžāϰ āĻāϤāĻŋāĻŦāĻžāĻāĻ āĻšāϤ⧠āĻšāϞ⧠āĻĻāĻžāĻŽāĻā§ āĻ āύā§āϤāϤ ā§Žā§Š,ā§Ēā§Ļā§Ļ āĻĄāϞāĻžāϰā§āϰ āĻāĻĒāϰ⧠āĻāĻŋā§ā§ āϏā§āĻĨāĻŋāϤāĻŋ āĻĒā§āϤ⧠āĻšāĻŦā§āĨ¤ āĻŦā§ āĻŦāĻžāϧāĻž āϰā§ā§āĻā§ ā§Žā§Š,ā§Žā§Ļā§Ļ āĻĄāϞāĻžāϰā§āϰ āĻāĻžāĻāĻžāĻāĻžāĻāĻŋāĨ¤
âđĄ Strategy for Traders (āĻā§āϰā§āĻĄāĻžāϰāĻĻā§āϰ āĻāύā§āϝ āĻĒāϰāĻžāĻŽāϰā§āĻļ)
âCaution: It is risky to enter a "Long" (Buy) position right now until a clear reversal pattern or a "Double Bottom" forms at $83,000. Short-term scalpers may look for quick bounces, but always use a tight Stop Loss (SL) below $82,800.
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