Bitcoin Short-Term Trend Analysis and Trading Recommendations (January 19)

There is no market that keeps rising forever, nor one that keeps falling. Currently, Bitcoin is experiencing a pullback due to news impacts. Instead of panicking and making rash decisions, it’s better to view the fluctuations rationally. Finding the right rhythm amid volatility is the key to steady profits. As the market returns to rationality, it’s a test of patience and professional judgment.

Today, Bitcoin was impacted by escalating US-EU tariff tensions, with the price briefly dropping to $91,900. Over the past 24 hours, over $600 million in long positions were liquidated across the network. Market risk aversion increased, funds shifted toward traditional safe-haven assets, and the total market capitalization of cryptocurrencies evaporated by approximately $100 billion. However, institutional inflows into spot Bitcoin ETFs continue, providing some support to the market. In the short term, the battle between bulls and bears is intense, and volatility has intensified.

Bitcoin is fluctuating around $92,700. On the 4-hour chart, the price broke below the previous consolidation zone. The RSI entered oversold territory, indicating a potential rebound correction. The MACD bearish momentum weakened, but the trend has not yet reversed.

Core Range: $92,000 - $93,500, mainly weak oscillation after a rebound in the short term.

Long Strategy: If the price stabilizes between $92,000 and $92,200, consider a small long position with a stop loss below $91,500 and a target of $93,000 - $93,500. Breakout above $94,000.

Short Strategy: If the price encounters resistance around $93,200 - $93,500 after a rebound, consider a small short position with a stop loss above $93,800 and a target of $92,200 - $92,000. If it breaks below $91,500, look for further downside.

The above is only personal advice for reference. Please follow Jing Sheng Shi Pan’s layout for specific strategies.