2026-01-13 19:21:37

The current market is in a clear upward trend, with technical indicators showing strong bullish characteristics. From the moving average structure, the bullish arrangement remains solid, and the engulfing pattern further reinforces the possibility of trend continuation.

However, things are not that simple. The price has approached the key resistance level at 94,760.3, and market momentum is beginning to show signs of weakening. More concerning is that the sentiment indicator shows overbought features, indicating a significant short-term correction pressure—this means downward risks cannot be ignored.

From a trading perspective, it is still advisable to view the rebound as the main strategy. Specifically, Bitcoin can consider shorting within the 93,600-94,000 range, targeting the 92,000-91,500 zone. For Ethereum, the rebound sell points around 3,190-3,220 are clearer, with downside targets at 3,120-3,080.

Overall, with the US CPI data release imminent, market volatility may further increase. Seizing rebound opportunities for moderate adjustments and closely monitoring these key price levels are crucial for avoiding short-term risks.

BTC4,54%

ETH7,67%

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SybilAttackVictim

· 6h ago

It's the same old trick of bouncing and shorting again. Can the 94760 level really hold? I doubt it. Once the CPI data is released, the tone will probably change again. The most unreliable thing right now is technical analysis. Shorting between 93600-94000 sounds good, but I bet five bucks it will reverse and break through. That sell zone at 3190-3220 for Ethereum looks a bit fake; it seems like a trap set for new investors. I've been saying for a while that overbought conditions require caution. It's a bit late to bring this up now, everyone. Is 92000-91500 really the target? It feels more like wishful thinking. Actually, there are only two words: wait.

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SolidityNewbie

· 6h ago

Overbought but not shorting, what are you waiting for? --- Is this really the level at 94760 that can't be held? Feels like a push for a rally. --- Here comes another rebound to short, same old routine indeed. --- CPI is coming, is this wave of market decline destined? --- Wait, the moving averages are still in a bullish alignment, why would it crash? --- Can it stay stable if sold at 3200? Feels like trying to test the waters again. --- Is this really the last wave of the rally🤔? --- I'm tired of hearing about recession signs; let's hit new highs again tomorrow. --- I just want to know if 94760 will break or not. --- Overbought sentiment indicators are normal; don't be so nervous.

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RunWhenCut

· 6h ago

It's overbought again, I'm tired of this rhetoric. The last time I heard this, I was still bottoming at 94k, but then it shot up to a new high. Forget it, let's see if it can drop to 92 before making a move. I'll decide then whether to cut losses. If this CPI report is hawkish again, I think it might break through the bottom directly.

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CrossChainMessenger

· 6h ago

94760 is back again, and the feeling that we've reached the top is getting stronger and stronger. --- Overbought signals are all out, is there still anyone being greedy? --- Sell on the rebound, what do you think of this saying? --- Once the CPI data is released, a plunge is likely. Are you all prepared? --- Can the 92000 line hold? That’s the key. --- Ethereum at 3120, definitely. --- The momentum has weakened, yet still daring to chase the high, that’s too bold. --- It’s the same old pattern of rebounding to short, alright, get on board. --- The key resistance level is right here, and the bulls and bears will be decided by this move. --- Short-term risk? I think the long-term is also uncertain.

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BearMarketMonk

· 6h ago

It's the same old story, bullish alignment, engulfing patterns... No matter how beautifully these are explained, if 94,760 can't hold, it just can't hold. Overbought conditions and still talking about trend continuation—this is called survivor bias. I agree with the idea of shorting on rebounds. History repeatedly proves that a pullback is always more realistic than a continued rise. Tossing around so much the night before the CPI release—it's better to defend the 92,000 support level than chase the rally. Let's wait and see—most people will miss out again.

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