#Strategy加仓比特币 【Market Quick Read】Analysis for the evening of January 21

On the daily chart of Bitcoin, the large bearish candle yesterday directly pushed down to the lower Bollinger Band, which finally halted the decline. After today’s opening, the market has stabilized somewhat. But don’t celebrate too early; the short-term moving averages have already started to turn downward, indicating that the bearish momentum is initially forming. The MACD fast and slow lines have formed a death cross and are moving downward, with volume expanding, suggesting that the bears are continuously releasing energy. The KDJ indicator continues to decline, and we need to watch whether it can hold near the 0 level. The VR indicator is hovering around 90, and market activity has not shown any significant change.

Switching to the 4-hour chart, after several consecutive bearish candles, a rebound finally appeared with a bullish candle, but the rebound lacks strength. It faced resistance at the 7-day moving average and turned back down. The Bollinger Bands are opening downward, and the short-term moving averages are also trending down, so the bearish pattern has not yet reversed; although the MACD is still in the downward channel, there are signs of a potential turn. Volume is shrinking, indicating that the bearish force is weakening; the KDJ has formed a golden cross after a low rebound, which is a short-term bullish signal; VR is hovering around 40, showing that trading activity remains relatively cold.

Overall, this rapid decline of nearly 10,000 points has directly cleared out high-position longs. In the short term, the previous day’s opening price on the daily chart can be used as the dividing line between bulls and bears—if the subsequent rebound cannot break through this level, the market is likely to continue oscillating downward.

**Trading Reference:**
$BTC: Consider short positions around 90000-91000, targeting 87400-88400
$ETH: Short in the 3000-3040 range, with targets around 2880-2920