Cryptocurrency Academy: On January 23, the bearish sentiment for Bitcoin is strong. Can the bulls turn the tide? Latest market analysis and thought references.

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3 hours ago

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Crypto Circle Academician: Bitcoin (BTC) Latest Market Analysis on January 23, 2026

The current price of Bitcoin is 89,300. It is currently early morning Beijing time. After the main content update yesterday, a pullback occurred, and it has now returned to the position before yesterday's post, consolidating below 90,000 this week. The short-term resistance level is at 90,360, and it is highly likely to break the previous low of 87,200. The bottom divergence is showing a decrease in volume, and the overall trend maintains a downward pattern. In the short term, it is consolidating sideways, in the medium term, it is moving south, and in the long term, it is looking north.

Before the article was published, the daily K-line reached a high of 90,300 and a low of 88,450. The EMA trend indicator resistance point is at 91,500, the Fibonacci resistance point is at 90,360, and the MACD is showing a continuous decrease in volume. The DIF and DEA are expanding downwards, and the K-line is warming up from the lower Bollinger Band at 87,600. The middle band is at 92,300. The overall trend is currently in a low phase, with the potential for a second bottom test. In the short term, the focus is on moving south from the high point, while in the medium to long term, the priority is to move north from the low.

The four-hour K-line shows a clear bottom divergence. The EMA trend indicator is alternating downwards, and the EMA15 has reached the 90,000 mark. The MACD is showing continuous volume increase, but the K-line is moving lower instead of stretching. The DIF and DEA are expanding upwards below the zero axis, indicating a weak pattern. The middle Bollinger Band has come down to 90,300, and the lower band is focused on 87,600. Therefore, for a northward suggestion, consider after breaking below 87,600, and for a southward move, look for positions above 90,000.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big profits are the goal.

If the price does not break below 87,500 to 87,000, aim for northward movement with a stop-loss of 400 points, targeting 88,500 to 89,500, and if it breaks, look at 90,500.

If the price does not break above 90,000 to 90,500, aim for southward movement with a stop-loss of 400 points, targeting 89,500 to 88,500, and if it breaks, look at 88,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. The way of heaven rewards diligence, the way of the earth rewards goodness, the way of humanity rewards sincerity, the way of business rewards trust, the way of industry rewards excellence, and the way of art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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