2026-01-20 05:28:28

BTC surged and then pulled back today. As of noon on January 20th, Bitcoin is quoted at around $92,700 (approximately 652,000 RMB), down 2.5% from the previous day, and has been fluctuating between $95,531 and $91,910 throughout the day.

Looking at the market data, the 24-hour trading volume is about 420,000 BTC, with a circulating market cap of $1.85 trillion. The resistance zone above is in the range of $94,000-$95,000, which is the level bulls want to break through; the support is around $91,000-$91,500, and a breakdown could trigger a chain reaction.

The current market rhythm is clearly cautious. The weak oscillation at high levels reflects that large funds are still observing, with bulls and bears unable to agree, and significant divergence. In the short term, it’s time to wait for a direction to be chosen.

BTC-2,61%

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MoodFollowsPrice

· 10h ago

This high-level shakeout is really exhausting. Big funds are just watching the show there.

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LiquidationWatcher

· 10h ago

Another day of bouncing back and forth between 94-95, this rhythm... really have to wait until the trend emerges.

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TopEscapeArtist

· 10h ago

Still bouncing back and forth between 94,000 and 95,000. This is definitely a head and shoulders top pattern. I said the technical indicators look suspicious. Where is the promised all-time high? It went up and then got crushed down. My stop-loss order at 92,800 was triggered long ago. Now that the bearish signals are so obvious, those still trying to catch the bottom are really brave. Large funds are just watching; anyway, the warning signs are right here. The MACD hasn't even shown a golden cross. I don't believe this round will end well. If 91,000-91,500 really breaks down, it will be troublesome. We'll see what you all do then. I'll stay on the sidelines for now.

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All-InQueen

· 10h ago

It's starting to drop again. The 92700 level is really annoying; it feels like it will continue to fall.

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AirdropAnxiety

· 10h ago

Starting to hit again. Can we break above 94k this time? It's getting a bit frustrating to watch.

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WhaleSurfer

· 10h ago

Fell again, this constantly fluctuating market is really crazy, big funds are all hiding and playing hide and seek.