#美国民主党BlueVault January 14 Market Observation: Technical Analysis of Big Bitcoin and Altcoins

Bitcoin's daily chart shows a typical high-level surge followed by a pullback. It once surged to 96,800 in the morning but was immediately pushed down, currently fluctuating around 94,800. The long upper shadow on the previous candle is quite interesting—it's not a shakeout, but genuine selling pressure above, clearly showing the intention of large funds to offload.

Looking at the 4-hour chart, the picture becomes even clearer. Surge, pullback, and weak rebounds—each high is lower than the previous one, a typical rhythm of strong rally followed by fatigue. The MACD histogram continues to shrink, with DIF and DEA rapidly converging, indicating that bullish momentum is clearly waning. At this point, rather than continuing to push upward, it seems more like preparing for a correction.

The bullish structure on the daily chart hasn't been broken yet, but the pace has clearly slowed down. EMA7 is still supporting from below, providing short-term support; however, the problem is that although EMA30 and EMA120 still maintain a bullish alignment, the price has long since diverged from these lines, with the divergence rate exceeding safe limits. Continuing to chase longs at this level has a much higher probability of loss than profit.

In simple terms: the trend isn't dead yet, but market enthusiasm has peaked; the structure can still be seen, but a correction is highly likely. Now is not the time for mindless bottom fishing; the bullish traders should stay calm, and those waiting for a pullback should have patience.

Technical Recommendations:
Bitcoin: Consider short positions in the 95,200-95,800 range, with the first targets at 94,000 and 93,500. If it breaks below, look at 92,000.
Ethereum: Short in the 3,350-3,380 range, with the first targets at 3,300 and 3,250. If it breaks below, watch 3,170.
$BTC $ETH $SOL