#WeekendMarketAnalysis January 17th 8:30 AM, BTC is currently quoted at 95,500 USD, with an intraday range of 94,200-95,900. The short-term bullish structure remains intact, with oscillations leaning towards the bullish side.
Core Indicators and Key Levels
- Daily K: Dense support at EMA 94,200 (Fibonacci 0.618), Bollinger Bands upper band at 97,000, middle band at 91,500; MACD bullish expansion, DIF/DEA upward, RSI at 61 not overbought, bullish continuation.
- 4H: Ascending wedge pattern, EMA30 support at 94,500, neckline at 94,200; Bollinger Bands lower band at 93,700, upper band at 97,500;