2026-01-17 17:27:14

Bitcoin Technical Analysis Scan

As of press time, Bitcoin is around 95,300. In the short term, the daily chart shows two consecutive bearish candles, although there has been no effective breakdown. The shrinking volume combined with high-level oscillation patterns indeed suggest that selling pressure is building up. On the 2-hour chart, the highs are gradually declining, while the lows have not yet touched the 93,000 level. This high-level contraction pattern usually indicates that a trend direction decision is imminent.

The MACD indicator on the 2-hour cycle shows an interesting detail—bullish momentum is still dominant but clearly weakening. Looking at the moving average system, EMA7 is slightly below EMA30 but far above EMA120. What does this tell us? It indicates that there is short-term adjustment pressure, but the long-term remains strong, with a clearer mid-term correction trend. Overall, the short-term strategy should focus on selling high and quick exits, avoiding prolonged battles.

Trading Reference (for reference only, risk bears your own):

Short—Enter around 96,000 to 97,000. If it falls below 97,500, stop-loss and exit. The target below is 95,500, further aiming at 94,500.

Long—Enter around 94,000 to 93,500. If it drops below 93,000, exit. The target above is 95,500, further aiming at 96,500.

Ethereum Market Observation

As of press time, Ethereum is at 3,313. After a rapid rise in the past few trading days, it has now entered a high-level consolidation phase, oscillating around 3,300. There are no good entry opportunities at the moment, so it’s better to wait and see. The pattern on the daily chart is indeed still consolidating around 3,300.

On the 2-hour cycle, a slight upward trend has formed, with highs gradually rising. However, the upward momentum of the recent candles has weakened, and the bullish strength of MACD is also diminishing. But on the daily level, MACD remains positive, with bullish dominance. Major funds have broken through EMA7, EMA30, and EMA120, and the short, medium, and long-term moving averages are arranged in a bullish pattern, providing support.

However, there is a detail worth cautioning—volume has shrunk significantly compared to previous trading days. This indicates that the willingness to chase the rally at high levels is decreasing. Currently, this bullish arrangement combined with decreasing volume might be just a false high, lacking volume support. The approach should remain cautious, focusing on shorting opportunities at high levels as the main theme.

Trading Reference (for reference only, risk bears your own):

Short—Enter around 3,350 to 3,400. If it falls below 3,420, stop-loss. The target below is 3,250, further aiming at 3,200.

Long—Enter around 3,290 to 3,250. If it drops below 3,230, exit. The target above is 3,350, further aiming at 3,400.

BTC5,78%

ETH5,94%

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SchrodingerAirdrop

· 01-20 17:23

Low volume at high levels, this is the biggest fear. Overhyped is spot on. --- Here comes the pattern of high-altitude short-term buying, when will we see a clear direction? --- ETH feels like it's about to break 3200, trading volume is too weak. --- BTC is just repeatedly shaking out, let's see if 97,000 can break. --- Why do I feel that the bullish arrangement is just superficial? A rise without volume will eventually fizzle out. --- I like the saying "quick in, quick out," not fighting the trend is the most important. --- The 3300 level is interesting; it doesn't feel like it will pass so obediently. --- Volume-constrained upward movement is really just the prelude to trap the shorts. Stay alert.

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PessimisticOracle

· 01-18 08:21

Low volume at a high level, the probability of being artificially inflated is indeed quite high. I would rather wait than buy the dip in this wave. --- 95300 is really a bit awkward; the bears need to break 97500 or they have to run. --- ETH's sluggish performance, I think I'll stay on the sidelines. The era of chasing highs is over. --- What’s with the pretty moving averages? The trading volume has dried up. This is just bluffing. --- Quick in and out, not sticking around for a fight—sounds good, but in reality, it's just waiting to be cut. --- Repeated oscillations around 3300, so annoying. I'll wait for a breakdown before acting. --- Bullish dominance? How come I only see decreasing momentum? --- I agree with the high shorting strategy in this wave, but the stop-loss needs to be set wide enough.

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ChainMemeDealer

· 01-17 17:57

High-volume at high levels like this, a correction is inevitable sooner or later, a short opportunity is coming.

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PumpAnalyst

· 01-17 17:57

Low volume at high levels, this wave is probably going to wipe out the latecomers, everyone be careful. --- Cautiously bearish, but the support level at 97500 really has some significance. --- Brothers, the main force has already slowed down, and the rest is just the market manipulators laying in wait. Just go for it. --- I'm tired of Ethereum's artificial high; let's wait until the trading volume picks up before making a move. --- Two consecutive daily red candles + decreasing volume, a typical sign of a top in a false high. I'm not just talking nonsense. --- See you at 94500? I bet this coin won't break. --- Trading volume is shrinking; those chasing the high are just bagholders. It's recommended to take profits in time. --- High-level oscillation indicates the market makers are accumulating, and the retail investors will never understand this trick.

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PretendingToReadDocs

· 01-17 17:38

Shorting around 96,000? I think it's suspicious; shrinking volume is the easiest way to deceive people. --- I saw through ETH's fake high this time; volume doesn't lie. --- Quick in and out, really. Those who hold on too long got cut. --- The repeated fluctuations around 3,300 are so annoying; might as well wait for a break below before acting. --- Moving averages in a bullish alignment combined with shrinking volume? This combo is the most dangerous. --- Thinking about entering a long position at 94,000? Forget it, I'd rather miss the opportunity than get caught off guard. --- Feels like this correction isn't as simple as it seems. --- MACD weakening is a signal; no need to wait too long.

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LiquidationHunter

· 01-17 17:35

The high-volume pullback at high levels is really the most deceptive. Every time, they say a correction is coming, but it just pushes higher... I'm tired of hearing the word "artificially inflated." Does shrinking trading volume necessarily mean a short? Look at the historical data. BTC is again stuck around 95300. Is a shorting opportunity really here, or is it just another false alarm? ETH at the 3300 level is just a zone of repeated tug-of-war. Stop messing around. Quick in and out for a short at high levels sounds simple, but in reality, it's just a synonym for being chopped up by the market. The moving averages look good, but what about MACD weakening? Should we just reverse our position? Waiting to see what this advice means—I’m impressed. I don’t know when "waiting to see" became a thing; trading might have to wait until the end of time.

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