WHAT'S THE WAY FORWARD FOR BITCOIN?
PUMPING OR DUMPING SOON ? FIND OUT HERE:
As of January 27, 2026, Bitcoin ($BTC ) is trading around $87,700 - $88,600 (With a live price of $88,300 at the time of writing) showing signs of consolidation after recent volatility. The cryptocurrency has been under pressure from macroeconomic factors, geopolitical tensions (such as U.S.-Iran issues), and market rotations away from risk assets. This has led to a choppy trading environment, with BTC struggling to reclaim higher levels like $90,000 while defending key supports. Short-Term Price Movement (1-30 D
January 29, 2026 Spot Gold Morning Analysis
Spot gold is slightly strong in the short term but beware of a pullback
Last night, Cheng Jingsheng repeatedly emphasized that there would be significant movements, advising everyone to stay on the sidelines and observe. Sure enough, it surged all the way, breaking new highs again. Starting with the news: the Federal Reserve kept interest rates unchanged, combined with global geopolitical risk aversion and central banks continuing to buy gold, pushing the gold price through $5,400 to a record high. The short-term upward momentum is strong, but the rapid rise earlier has led to profit-taking and selling pressure.
Regarding technical analysis: daily chart shows a bullish arrangement, MACD has a golden cross with increasing volume, but RSI is overbought. In the short term, high-level consolidation is likely, with support at $5,360 and resistance at $5,460.
Trading suggestions: Don’t chase the high! After a big rise, a slight pullback is probable. Wait for the correction to around $5,380 to buy low and go long. Targets are around $5,440, $5,460, and $5,480. Place stop-loss below $5,360. If it directly surges past $5,480, go lightly long, take profits when appropriate, and avoid heavy positions. Managing risk is the top priority.
The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng’s strategic layout for specifics!!$XAUT #XAU