Bitcoin experienced a significant decline yesterday morning. Although there was some recovery during the day, the overall rebound was limited. The price only rebounded to around 93500 before facing pressure again, and then it maintained a sideways consolidation in the 92800–93500 range throughout the day. After entering the early morning, market trading was light, and the price still failed to form an effective counterattack. This morning, Bitcoin weakened again, dipping to around 92100, almost completely erasing the rebound space from yesterday, and the overall weak oscillation pattern continues.

Macroeconomic Perspective: Cautious Sentiment Persists, Risk Appetite Insufficient

From a macro perspective, the market maintains a probability of around 95% for the Federal Reserve to keep interest rates unchanged in January, making it difficult for monetary policy to provide significant support for risk assets in the short term. Meanwhile, the tariff disputes between the U.S. and Europe continue to escalate, and external uncertainties remain, leading to a generally low risk appetite.
In the absence of clear bullish catalysts, the willingness of funds to participate in the cryptocurrency market is insufficient, and momentum continues to weaken, with the market more characterized by oscillation and repair after a high-level pullback.

Technical Perspective: Key Range Lost, Structure Bearish

From a technical structure perspective, the 94000 important support area has been effectively broken, which also means that the previous rebound structure is basically declared over. The daily level continues to close with bearish candles, indicating that bears still hold the initiative, but the current price is running near the middle track of the daily line, providing some technical support in the short term.

However, it is important to note that the MA5 short-term moving average has already turned downward, exerting significant pressure on the price; the four-hour level MACD remains in a weak zone, with moving averages diverging downward, and the bearish structure has not been broken. Overall, it is more likely that there will be continued downward correction after a rebound, but since it is close to an important support zone, the short-term volatility is expected not to be too extreme.

Key Bitcoin Price Levels and Daily Strategy

• Support Below:

  • First, pay attention to the 92000 level, which has significant short-term support difficulty.

  • If this level is lost, the price may further dip into the 91500–91000 area.

  • The 90000 psychological level remains a key defensive focus.

• Resistance Above:

  • Short-term rebound pressure is at 93500 (yesterday's rebound high).

  • Stronger resistance is at 94300 (four-hour middle track).

Only by reclaiming the 94300 area can the market maintain a rebound structure; otherwise, the rebound is more likely to be of a corrective nature.

Ethereum: Weak Correlation, Rebound Under Pressure

Ethereum's movement has largely remained in sync with Bitcoin. Although there was a rebound yesterday, it only reached around 3230 before falling back again, and this morning it dipped to 3170, similarly erasing the previous day's rebound space.

From a technical perspective, the daily MA moving average is turning downward, suppressing the price, and the MACD has started to expand below the 0 axis. The four-hour Bollinger Bands are opening downward, indicating an overall weak structure. In the short term, the RSI has entered the oversold zone and is showing a turn, suggesting a demand for short-term rebound repair, but the pressure above is heavy, and caution is needed for further weakness after the rebound.

• Resistance Above: 3240, 3280

• Support Below: 3150, 3080

• Core Defensive Level: 3000 level

In a weak structure, as long as there is a volume increase in the decline, the price is likely to repeatedly test the support below.

Overall, the current cryptocurrency market is still in a weak oscillation repair phase after a decline. Neither Bitcoin nor Ethereum has shown signs of a trend reversal. Although there is a demand for a short-term rebound, it is more of a technical repair, and both sustainability and space should be treated with caution.

In the absence of significant macro catalysts, today's market is likely to be dominated by range oscillation, focusing on grasping the rhythm and avoiding emotional chasing and panic selling.

This article is exclusively contributed by Jayne Crypto (follow the official account: Jayne Crypto) and represents personal views. Due to the timing of the article's release, the above views or suggestions may not be timely and are for reference only; risks are borne by the reader. Trade with reasonable position control, and avoid heavy or full positions. Developing good investment habits is essential for a positive cycle!

Market fluctuations are time-sensitive; feel free to scan the QR code to follow the official account for daily market information and real-time communication.

Friendly Reminder: This article is solely owned by Jayne Crypto (as shown in the image above), and any other advertisements at the end of the article or in the comments section are unrelated to the author!! Please be cautious in distinguishing authenticity, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。