2026-01-21 13:10:18

#Strategy加仓比特币 1.21 BTC and ETH Evening Market Analysis

From the combined perspective of the hourly and 4-hour charts, the current trend framework for Bitcoin is quite clear — the bears have completely taken control of the momentum.

Looking at the 4-hour chart, the price has long since fallen below the middle band of the Bollinger Bands, now running along the lower band. Each rebound gets stuck at the middle band and cannot move, forming a clear downward channel. The MACD volume continues to release downward, and the bearish momentum shows no signs of weakening. This is no longer a correction but a genuine continuation of the decline.

Switching to the 1-hour chart, you'll see that every small rally appears weak, with each high lower than the previous one. The trading volume can't keep up with the pace, a typical false rebound pattern that attracts buyers before the market continues downward. Simply put, every time the bulls try to push up, they are handing the knives to the bears. So, the strategy at this stage is very simple — as long as the downtrend remains unchanged, rebounds are opportunities to short, and buying the dip should be put aside for now.

Specific suggestions:
BTC: Short in the 89,000-90,000 range, with the first target at 86,000, and if it breaks further, aim for 84,000.
ETH: Short in the 2,950-2,980 range, with the first target at 2,860, and if it breaks below, look at 2,800.

Follow $BTC $ETH $XRP

BTC-3,22%

ETH-4,41%

XRP-1,82%

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AlgoAlchemist

· 3h ago

The current momentum of the short positions is indeed fierce; the rebounds are all trap setups. The bulls are really just stabbing themselves.

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DeFiDoctor

· 3h ago

Looking at these clinical signs, it's a classic bear market diagnosis. The lower Bollinger Band hugging the price, MACD volume exhaustion—these combined symptoms indicate that the bulls are already out of strength. I agree with the phrase "false rebound诱多," every rally feels like futile effort. However, regular re-evaluation is necessary, as sudden liquidity shocks can at any time rewrite this framework. It's advisable not to be too dogmatic.

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MetaverseVagabond

· 3h ago

The bears are so fierce, every rebound is just a trap. Those who feel the need to buy the dip should wait a bit longer.

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InfraVibes

· 4h ago

The current short squeeze is really fierce, with the Bollinger Bands almost touching the ground. The rebounds are tempting traders to buy in repeatedly, just waiting to harvest the retail investors.

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LiquidityOracle

· 4h ago

Talking about the bears in control again? I think if this rebound can't push higher, then we really have to accept defeat. I'm keeping a close eye on the 86,000 level.

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