2026-01-20 02:50:21

January 20 Market Review

Looking at the four-hour chart, the 94200 level acts as both a trend top resistance and is also blocked by the Fibonacci retracement, creating a double-layered, relatively strong resistance zone. Therefore, recently $BTC has been oscillating within the 92000 to 94200 range, unable to break above or below.

The MACD is showing a clear shrinking volume, with the two lines getting closer; although the KDJ has already formed a golden cross, the bullish momentum has not been fully released, and overall it still feels like a buildup phase. In the short term, consider trading within this range—buying at the lower edge and selling at the higher edge.

Recent strategy: Consider increasing positions around 92100-91500, with resistance expected near 93100-94100. $XRP is also worth paying attention to.

BTC-3,29%

XRP-4,97%

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BlockchainArchaeologist

· 14h ago

94200 this level is really tough, with Fibonacci retracement and trend resistance both pressing in, it's really uncomfortable to watch. The box is oscillating back and forth, basically waiting for a breakout. With MACD narrowing so clearly, it can't go unnoticed... Buy low and sell high like this. I'm also watching around 91500, and XRP definitely deserves some attention.

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BearMarketGardener

· 14h ago

The dead zone between 92,000 and 94,200 is really annoying, stuck on both sides, and I still have to cater to it.

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GasFeePhobia

· 14h ago

The 92 to 94 range is really a torment. It feels like BTC has been stuck here for a long time. When will it break through?

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ShadowStaker

· 14h ago

nah the classic sideways chop again... 92-94k is basically just validator purgatory at this point. macd compression usually just means someone's about to get liquidated lmao

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