2026-01-16 00:20:52

Friday Morning Market Overview:

$BTC held above the 95,000 key level in the early hours, rebounding to around 95,600 before starting to fluctuate. From the 4-hour chart, the Bollinger Bands are expanding upward, but the MACD is beginning to turn downward, with trading volume clearly shrinking, and the KDJ also weakening. On the 1-hour timeframe, the situation is even more evident—Bollinger Bands opening downward, MACD bars continuously declining, and the KDJ curve remaining weak. The early morning drop directly broke through the 1200-point level, followed by a rebound of 50 points.

Short-term key level data:
- $BTC faces resistance around 96,000-96,800, with key support below at 94,900-93,900
- $ETH fluctuates around 3,340-3,370, with a downward target of 3,290-3,260

On the macro front, the US core CPI data came in below expectations, which is the main driver behind this correction. Next, we need to wait for sufficient volume to confirm the direction.

BTC-4,09%

ETH-5,12%

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AlphaLeaker

· 01-18 11:35

Breaking below 1200 points again? Oh my, this wave of selling is quite fierce. If it breaks the level, it breaks the level. Don't talk to me about CPI data; it should have fallen earlier. Can 94900 really hold? Feels uncertain. With insufficient volume, don't expect a rebound. That's an iron law. ETH is looking even worse; if 3260 also breaks, it will be completely chaos.

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LiquidatedAgain

· 01-17 23:09

Once again, I got liquidated. This time I learned my lesson and didn't leverage. Just watching the slaughter at 1200 points early in the morning... CPI below expectations, yet it still caused a sell-off. My brain really isn't enough.

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ChainMelonWatcher

· 01-17 06:16

It dropped again, huh? CPI data really is a troublemaker. When the 1200 level was smashed down early morning, is 95,000 still unbreakable? Seems like we still need to watch the 94,900 level. Can it just go straight to 100,000? These small fluctuations are really annoying. Once the MACD turns around, you know it's hopeless. Should have exited earlier. This time, the trading volume shrank so significantly; the next step is the key.

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WagmiAnon

· 01-16 00:51

Midnight 12:00 AM breakdown, I really can't hold it anymore --- It's the CPI data again causing trouble. With insufficient volume, how can we determine the direction? --- Breaking 94,900 means we really have to watch 93,900. At that point, it will probably be another bloody battle. --- The Bollinger Bands opening like this, it feels like there will be more volatility for a while. --- ETH's recent decline is quite fierce. Can 3,260 hold? --- The most annoying thing is shrinking volume. It feels like everyone is waiting for a clear signal. --- Holding 95,000 is just the beginning; there's more to see afterward.

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BrokenYield

· 01-16 00:49

volume's too thin rn, classic dead cat bounce setup before the real dump hits

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ser_we_are_early

· 01-16 00:42

It dropped again, with such weak volume, still expecting a rebound? --- If we can't hold 95K, then we have to go to 94K wave. --- CPI drops and this is it? Should have known not to expect any good news. --- Volume shrinks and you're still talking about technicals, I'm just waiting for the breakout. --- ETH is even weaker, can 3260 hold? --- That early morning surge directly broke through 1200 points, I knew it wasn't that simple. --- When will the volume catch up? Right now it's all dragging on. --- Bollinger Bands, MACD, KDJ—all indicators are declining, what does that mean? No consensus. --- Wait, good news about US CPI and it still drops? The market is selling the facts. --- Will 94900 break or not, this is today's critical point. --- If volume isn't enough, stop talking nonsense. It will be over soon.

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BakedCatFanboy

· 01-16 00:41

Insufficient volume is really false, just wait Breaking the level is the real signal, now it's all just testing CPI below expectations actually causes a sell-off, this logic... is a bit absurd Holding at 95,000 stubbornly, the main force doesn't want to fall too hard When KDJ weakens, don't rush to buy the dip, wait for MACD to turn around before talking Only if 94,900 can hold during this drop will there be hope

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ApyWhisperer

· 01-16 00:39

It has broken support again. It seems that the CPI bearish impact has not been fully digested yet. If 94900 breaks again, then we will have to watch 93900. It feels like the trading volume is insufficient. Hold on, wait for the rebound before deciding.

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TopBuyerBottomSeller

· 01-16 00:36

Once again, CPI is below expectations. Oh my, this wave of decline is quite fierce. Once again, there's insufficient volume. It feels like we need to consolidate for a while before we can see clearly. If 94900 can't be broken, then we really have to look down to 93900. Feeling exhausted. BTC is still hesitating, but ETH's position looks a bit risky. Can we please avoid another deep V-shaped correction this time? Please.

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RugPullAlarm

· 01-16 00:34

That wave of breaking below 1200 points in the early morning, and the trading volume is still shrinking? That's suspicious. What are the large address holders doing? What does the on-chain data say? If the trading volume is insufficient, don't participate blindly. This is the first lesson for retail investors to save themselves. Wait, can the support at 94900-93900 really hold? We need to see the large transfer activity before making a judgment. Don't be fooled by a false breakout.

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