2026-01-16 00:00:27

January 16 Morning Trading Review

Every fluctuation is an opportunity to learn; only through review can we become more stable.

Last night, Bitcoin bottomed out around 95304, and the bulls began to rebound, launching an attack toward the 97000 level, but faced significant resistance at this price point, followed by a pullback. At the same time, Ethereum also moved in tandem, initially retracing to 3266 for support, then rebounding to around 3380 before encountering resistance again.

From the 1-hour chart, although the rebound was rapid, it lacked sustainability—the long upper shadow on the candlesticks indicates heavy selling pressure above, and bullish momentum is clearly insufficient. The MACD indicator has formed a death cross and continues to expand, suggesting that the bears still control the short-term rhythm. The Bollinger Bands are opening downward, revealing a weak overall pattern, with downside space opening up. The current market is in a consolidation phase.

**Trading Reference**

$BTC: Consider short positions in the 96000-96500 range, with targets at 94500-93600

$ETH: Consider short positions in the 3330-3350 range, with a target of 3250

#数字资产市场动态 Ongoing attention

Note: The market changes rapidly; risk management is always the top priority.

BTC-0.15%

ETH-0.85%

XRP1.76%

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MevHunter

· 01-18 23:44

97,000 has been pushed down again, the bears are really holding it tight, this rebound is still too weak.

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screenshot_gains

· 01-18 21:27

It's another rebound and pressure; it seems the bulls are still a bit weak. The bears have really controlled this wave, even with the MACD showing a death cross, they still want to bounce? I'm also planning to short around 96000-96500, feeling that a drop is only a matter of time. When the Bollinger Bands open up, it means a downtrend is coming—lesson learned from experience. ETH also isn't doing well this time; it shrank as soon as it touched 3380, really uninteresting. This kind of market tests risk management the most; not being greedy or impatient is the way to go.

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NftRegretMachine

· 01-16 00:29

Once again, bearish suppression, 97,000 simply can't be broken, still the same old tricks --- MACD death cross is so obvious, why ask? I remain bearish --- Such a long upper shadow, bulls are really losing strength --- Always say risk management comes first, but the conclusion is still to suggest short positions, haha --- Is 94,500 the bottom? Feels like it could go even lower --- Ethereum drops to 3,250, then we consider bottom fishing --- Review, review, just repeating it and then suggesting short positions --- XRP is just a side show, better to keep an eye on BTC and ETH

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TommyTeacher

· 01-16 00:29

It's another bullish dump, playing like this every time. The bears are confident this time; it all depends on whether it can break 93,600. It's the same old story. As soon as the Bollinger Bands open, I give up. I've already accepted defeat. 97,000? Haha, that seems very far away. No one is paying attention to XRP again, it's a bit awkward.

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DeadTrades_Walking

· 01-16 00:25

Once again, the bears can't resist. The 97,000 level is really hard to break through. Just look at the long upper shadow to see how fierce the selling pressure is.

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CommunityLurker

· 01-16 00:19

It was pushed back again to 97k. This rhythm is really incredible; are the bears still in control of the market?

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AmateurDAOWatcher

· 01-16 00:13

It's the same operation again. 97,000 is the ceiling; the bulls can't break through, and we still have to keep pushing.

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