January 21 BTC Technical Analysis
- Core conclusion: Daily chart is bearish, short-term weak oscillation; watch for breakthroughs/breakdowns of key support and resistance levels. If rebound is weak, the downtrend will continue.
- Current price: $88,950 (24h range $87,902-$92,501, down -3.83%).
Key Levels and Indicators
- Daily: Price broke below EMA20 ($91,890) and the 100-day moving average, RSI at 41.81 indicating neutral to weak momentum, MACD dead cross with increasing volume, trend weakening.
- 12h: Retraced to the 0.618 Fibonacci level at $87,200, combined with weekly moving averages sup
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