1.28 Thinking Analysis

Last night's market was truly breathtaking, with fierce battles between bulls and bears.
Currently, Bitcoin is oscillating around 89,400, seemingly stabilizing for now, but
one must be clear: this is not a trend reversal, but rather the main force quietly distributing chips at high levels.
Switching to the 4-hour chart, the market structure is clear and straightforward, with no opportunity for multiple bulls to establish a foothold. Every rebound is accompanied by declining volume, and this kind of movement is not strong at all, but rather exposes its虚浮 (superficial) nature—-a typical pump to lure in retail investors.
Looking at the MACD indicator, although it appears to be in a recovery state on the surface, many overlook the core key: this is merely a weakening of the bearish momentum, not a sign of bulls entering with volume to lead the market. The signal behind this is very clear: this rebound is just a brief pause during the downtrend, not a trend reversal signal, nor does it confirm a bottom.
Bitcoin suggestion: around 89,800-90,300, with a downside target of 88,800-87,500.
Concubine: around 3,040-3,070, with a downside target of 2,990-2,900. #内容挖矿焕新公测开启 #中东局势升级