January 26, 2026 11:00 (UTC+8), BTC is currently trading at $87,850, down 2.15% in 24h. Short-term volatility is leaning bearish, mainly trading rebounds and shorts, with light positions for testing orders on low longs.

📊 Key Price Levels (USD)

- Resistance: 88,300 (intraday high), 89,000 (5/10-hour moving average), 90,000 (round number), 91,200 (20-day SMA/strong resistance)
- Support: 87,500 (intraday low), 86,800 (previous low), 85,000 (round number), 84,400 (lower edge of weekly cloud)

📈 Technical Core Signals

1. Moving Average System: Price breaks below 5/10/30/60-hour moving averages, indicating a bearish arrangement, with multiple resistances above.
2. Oscillator Indicators: 4-hour RSI ≈ 38, showing oversold rebound demand but limited strength; MACD bearish momentum continues with no clear decreasing volume.
3. Pattern and Volume: Failed to break 89,000 and fell back, forming a bearish engulfing pattern, with 24h volume increasing and selling pressure strengthening.
4. On-chain and Market Trend: 89,000-91,200 is a strong supply zone, difficult to break in the short term; weekly cloud is flat, indicating medium-term sideways with slight weakness.

🎯 Intraday Trading Strategy

- Rebound Short: Enter at 88,200-88,400, stop-loss at 89,100, target 87,500-87,000, with individual positions ≤10%.
- Light Long Test: Enter on pullback to 87,400-87,600, stop-loss at 87,000, target 88,000-88,200, quick take profit, total position ≤30%.

⚠ Risk Warning

- Break below 87,000 turns to short; if rebound stabilizes above 89,100, downside momentum weakens.
- Watch ETH correlation and macro news, beware of sudden volatility.
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