How did Bitcoin perform on January 15th (Monday)? Let's analyze it step by step.

**Market Review**

Since the beginning of 2026, Bitcoin has been on a continuous upward trend. Starting from an opening price of 87,600, it soared all the way to a high near 92,900 today, currently stabilizing around the 90,000 level. The two-week rally has been quite significant.

**What about the technical trend?**

This morning, a large bullish candle opened directly, jumping from 91,500 to 92,900, with a one-hour increase of 1,400 points. At first glance, the Monday morning trend looks good, but is this really the start of a rebound? Honestly, I think it’s more like a trap.

The KDJ indicator's three lines are already showing signs of fatigue, and the MACD has formed a death cross after crossing. The upward momentum appears strong, but in reality, it’s already lacking the strength to sustain. Under these circumstances, the upward energy is unlikely to continue, and a downward move is highly probable.

Looking at the 4-hour chart, a large bullish candle has already broken through the middle of the upper Bollinger Band, but the upper band has stopped the trend of further expansion upward. This suggests that within the day or even the entire week, Bitcoin may enter a downward pattern.

**How to operate?**

Bitcoin can consider short positions in the 92,800-93,000 range, with a stop-loss set at 94,200, and target levels around 91,000-88,000.

The downward force this time is definitely not small, and the potential decline is fully achievable.