BTC 4H Technical Analysis: Bullish momentum waning, key support level around 90,000

【CryptoWorld】BTC shows a clear correction in the past 4-hour K-line. From midnight on January 14th to now, the overall price decline is obvious, although there was a rebound compared to the same period the previous day, it still declined compared to 12 hours ago. The last few K-lines show a bearish pattern, with closes consistently below opens, indicating that the bears are gradually taking control.

Volume is quite interesting—when the price rises, the volume actually shrinks, which is a dangerous signal. When trading volume cannot keep up with the price increase, it often indicates that the upward momentum is weakening, and a sharp rise may be followed by a pullback.

From technical indicators, the MACD positive bars are gradually shortening, showing that the bullish momentum is weakening. The KDJ has entered the overbought zone (value at 94), suggesting short-term correction pressure. RSI has broken above the 70 overbought line, and combined with the K-line pattern, it hints at a possible technical decline. MA10 remains above MA30, but this advantage is shrinking.

There are several key levels to watch in trading: for bullish positions, consider entering around 90053; another entry point is at 90523. Place stop-loss for longs at 89880. Conversely, if bearish, the first target is 95770, with a deeper target at 96467, and a short stop-loss at 96199.

Current support is at 88916, resistance at 95770. The high in this 4-hour period is at 95720, and the low is at 90332. Overall, the bulls need to hold above 90000, otherwise there is further downside space.