1-19 Monday Night BTC Short-term Market Analysis
#BTC #ETH During the midday session, BTC relied on market buying support to oscillate upward, with the price briefly surging to around $93,300, a key resistance level. Subsequently, influenced by short-term profit-taking, it slightly retreated and is now fluctuating narrowly around the $92,800 range, with bulls and bears entering a stalemate.
The technical indicators show clear cyclical divergence signals:
4-hour timeframe: The Bollinger Bands are opening and continuously diverging downward, the MACD fast line is gradually crossing below the slo