#美国核心物价涨幅不及市场预估 Market Overview for 1.16

$BTC Today, the bulls are online, and the intraday strategy remains to accumulate on dips.

Yesterday, Bitcoin surged but then pulled back, yet the price stayed above the 96,500 level, consolidating sideways for the day. In the evening, the US stock market shook slightly, which transmitted to the crypto market, causing a tug-of-war. The price dipped to the key level of 95,500 but then quickly rebounded. The early morning analysis was largely confirmed: there was repeated testing between bulls and bears, but ultimately the bulls maintained the upper hand.

The market structure looks quite interesting: each dip is met with large orders, and volume supports the upward moves. This indicates that the bulls are controlling the rhythm here.

From a technical perspective, after several consecutive bullish candles on the 4-hour chart, BTC entered a high-level consolidation, which is a normal correction within an uptrend and not a reversal signal. The upward structure remains intact, and the bullish pattern has not been broken. After recovery, there is still energy to push higher.

The hourly oscillation and upward trend are quite clear. Each correction is well-controlled, and key support levels have not been effectively broken. The short-term bullish momentum is confirmed, and the upward potential remains.

Bitcoin strategy: Buy on dips around 95,000 and 94,500, targeting the 96,200 to 97,000 range.

$ETH $XRP 's performance is also under observation.