As of January 26, 2026, 10:30 (UTC+8), BTC is currently trading at $86,949.70, down 2.59% over 24 hours, operating within a volatile downward channel. In the short term, focus on shorting rebounds and cautiously going long at low levels.

📊 Key Price Levels (USD)

- Resistance: 87,300 (intraday high), 89,500 (previous high/area of high volume), 90,000 (psychological barrier)
- Support: 86,000 (intraday low), 84,400 (lower Bollinger Band), 82,800 (52-week low)

📈 Technical Core Signals

1. Moving Averages: Price has broken below the 5/10/30/60-hour moving averages, indicating a bearish alignment, with upper moving averages forming resistance.
2. Oscillators: 4-hour RSI is around 38, indicating oversold rebound potential, but with limited strength; MACD bearish momentum continues with no significant reduction.
3. Chart Patterns and Volume: Failed to break 90,000 and pulled back, forming a bearish engulfing pattern; 24-hour volume has increased, indicating stronger selling pressure.
4. On-Chain and Market Sentiment: Supply zones between 98,000 and 100,000 are strong resistance areas; short-term breakout is difficult; weekly cloud chart shows distortion, medium-term bias is bearish.

🎯 Intraday Trading Strategy

- Short at 87,200-87,500 with a stop-loss at 88,000, targeting 86,000-85,000.
- Light long positions on pullbacks to 86,000-86,200 with a stop-loss at 85,500, targeting 87,000-87,200 for quick profits.
- Position sizing: total position ≤30%, individual trade ≤10%, with strict stop-loss.

⚠ Risk Warning

- Macro Sensitivity: Watch for Federal Reserve policies and geopolitical news that may trigger volatility.
- Breakout Response: If price breaks below 85,500, switch to short; if rebound stabilizes above 88,000, downside momentum weakens.