2026-01-20 03:24:41

Yesterday, the market opened with a sharp drop, and the entire intraday session was characterized by oscillation and correction, but the rebound strength was indeed quite weak. You can see that the trading volume during the rebound was almost invisible; as soon as it rose, it was hammered down again, a typical weak market trap to lure long positions.

On the daily chart, BTC has already experienced six consecutive bearish candles, establishing a very weak unilateral downtrend. The 4-hour chart shows no signs of stabilization, and the rebound volume continues to shrink. The current market clearly favors the bears, so the trading strategy is very straightforward—confidently short at high levels. Use the 93400 resistance line as a basis for positioning; every rebound is a good opportunity to short, with the main risk being a quick pullback after a rally, leading to a new low.

Specific levels:
- Consider shorting BTC around 94000-93000, targeting the 91500-90000 zone
- Short ETH around 3250-3200, with a target of 3170-3100

The current momentum is weak, so patience and waiting for a rebound opportunity is the way to go—don’t rush to catch the bottom.

BTC-1,92%

ETH-4,4%

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FadCatcher

· 10h ago

Six consecutive bearish candles is really a bit crazy; this wave of bears is quite fierce. I've seen many instances of trap buying, only to be caught off guard and get liquidated. The 93,400 level is indeed a key point; wait for the rebound and then jump in after it drops again. Rather than trying to bottom fish, it's better to follow the trend; don't get caught in a trap.

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NotSatoshi

· 10h ago

Six consecutive declines yet still claiming a rebound, this move is definitely just a trap to lure more buyers in, no way it will drop to 90K easily. It's the same old tactic of shorting at high levels; I don't believe it will just crash down to 90K so simply. With shrinking trading volume, it seems more people are just watching for now. In this kind of market, it's better to stay flat and not get caught in the swings.

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PaperHandsCriminal

· 10h ago

It's the same old trick again, I can't see any rebound trading volume, I knew it would keep falling. A few days ago I still wanted to buy the dip, but now it seems I'm really tired of this. I understand the trap of诱多 (trapping with false signals) too well because I'm the one who got caught haha. Short at the 93400 resistance line? I'll wait until it actually breaks below 90,000 before considering it, our trading approach really doesn't allow for overconfidence.

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RektButStillHere

· 11h ago

It's another trap of false signals; I don't believe this rebound can really break the resistance line. Six consecutive down days, the bears are in control. If you don't have any positions, just wait; when the rebound crashes down, then go short. They keep fooling us like this every time, causing me to be caught in the bottom several times. Is that line at 93400 really that strong? It feels like it should have broken through by now. Wait, with such shrinking volume, is there still hope for a rebound? It's so frustrating to watch; I just want to go short. This wave's potential drop below 90000 isn't unreasonable. This false signal trick has worn me out; just go short and be done with it.

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ContractExplorer

· 11h ago

Six consecutive declines are not enough to be thorough; keep selling. When the bears are in control, you should follow the trend decisively. A shrinking trading volume never lies; a rebound is just a trap to lure in buyers. Those waiting to be trapped, take your time. I am optimistic about pushing down to 93,400 in this wave. If there's a rebound, just smash through it.

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JustHereForMemes

· 11h ago

It's another case of pump-and-dump and rug pulls, this market trend is really incredible. I'm really not brave enough to short, it's more comfortable to buy the dip. Why are six consecutive down days so scary... When trading volume shrinks, it's time to watch and wait. I choose to lie flat. Rebound and then sell? Then I'll just wait to be smashed.

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HalfBuddhaMoney

· 11h ago

It's the same old trick again; the trading volume can't keep up, and it's obvious something's going to happen. How can there still be people daring to buy the dip? Six consecutive down days—don't you have eyes to see? The bears have completely taken control; those who try to go long now will have to pay tuition.

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