2026-01-16 04:10:50

Friday, January 16 Market Observation

Against the backdrop of weakening US core CPI data, the movements of Bitcoin and Ethereum are largely in line with expectations. A few days ago, I mentioned that Bitcoin would fluctuate between 97,000 and 95,000, and it precisely touched 97,000 yesterday before continuing downward. It is now stable around 95,000, and Ethereum's range also hit the mark, rebounding over 120 points.

Currently, Bitcoin has just rebounded from 95,000 and is in a consolidation phase, but it hasn't tested the bottom yet. For those looking to go long, don't rush. From a technical perspective, the four-hour MACD has already formed a death cross, and RSI is heading downward. These signals are not very optimistic.

The situation with Ethereum is even more concerning. The short-term decline has already taken shape, the KDJ indicator is about to form a death cross, and the MACD histogram is still expanding, indicating strong bearish momentum.

My view is: if Bitcoin faces resistance around 96,000-96,500, consider a downward move targeting the 94,500-94,000 range; for Ethereum, watch for short opportunities around 3,020-3,050, with a downside target of 3,250-3,200. Remember, this analysis is based on current technical indicators; specific trading decisions should also consider your own risk tolerance.

BTC0,55%

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DEXRobinHood

· 01-19 03:18

This precise timing is really amazing. Wait for the bottom signal before jumping in.

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ImpermanentSage

· 01-18 03:32

Precise timing is amazing, and now they're talking about technical analysis again... Wait, is the MACD death cross really that scary?

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SocialAnxietyStaker

· 01-16 04:41

Bitcoin's recent precise timing, I have to say the prediction was quite accurate. Wait a minute, MACD dead cross and RSI heading down... better not chase the long, it seems like it might continue to test lower levels. Ethereum's doggy behavior, the bears are too fierce, I’ll hide for a while. Is around 96,500 really a resistance level? It still feels like we need to keep watching. After the core CPI weakens this time, will there still be hope...

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MEV_Whisperer

· 01-16 04:32

Accurate prediction is indeed impressive, but how much more will it drop after this MACD death cross?

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ArbitrageBot

· 01-16 04:20

Wow, precise timing, this prediction is amazing... Wait, haven't we reached the bottom yet? Then I'll just wait and see. CPI is weak, and the bears are so fierce? I'm a bit scared. If Bitcoin breaks 96,500, I'll consider shorting. Noted. This wave of Ethereum looks even more aggressive, KDJ is about to have a death cross, right? 94000-94500, my eyes are wide open. Will it really reach that level? Feels like the risk is a bit high this time, better to stay cautious.

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FarmToRiches

· 01-16 04:12

The 96,000 level is about to be broken again, the bears are really starving mad.

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LiquidityLarry

· 01-16 04:12

Precise timing on this move, but the bottom hasn't been reached yet. Those chasing the rally, hold on for now.

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