2026-01-16 05:26:05

Bitcoin's performance today is quite interesting. From the four-hour timeframe, it is currently in a downtrend, while on the one-hour chart, a head and shoulders top pattern is brewing. Based on this technical structure, it might be worth considering going long around the 93,800 to 94,300 level.

The four-hour downward momentum is still quite evident, but if the head and shoulders top on the one-hour chart confirms, it could present a good rebound opportunity. The key is whether these price levels can hold and the cooperation of trading volume.

This also depends on the overall crypto market sentiment. If other cryptocurrencies are also showing signs at this stage, the rebound strength could be even greater.

BTC-0,16%

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TokenAlchemist

· 01-16 05:54

head and shoulders on the 1h? nah man, that's just noise. the real alpha is tracking liquidation cascades at those support levels—93800's got weak hands written all over it. volume's gotta back it up or it's just another fakeout. seen this movie before.

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FlashLoanKing