January 9th BTC Technical Analysis Current price ≈ 91,000, core range within the day 89,000-92,000, short-term bearish with technical correction needs, rebound volume insufficient, prioritize high sell and low buy within the range.

Core indicators and key levels

- Current price ≈ 91,000; intraday low 89,262, high 91,445
- Daily chart: broke below short-term upward trend line, oscillation between 5/10-day moving averages; MACD death cross, increasing green bars, dominated by bears
- 4-hour chart: bounced off Bollinger lower band, RSI exited oversold; rebound volume insufficient, limited correction
- Support: 89,262 (intraday low), 89,000-89,500, 90,000; Resistance: 91,445 (intraday high), 91,800-92,000, 92,000-93,000

Trading strategies (range high sell and low buy)

1. Resistance on rebound short: short at 91,300-91,800, stop above 92,000, targets 90,300 and 89,400
2. Support on pullback long: long at 89,300-89,500, stop below 88,800, targets 90,000 and 90,800
3. Breakout chase: effective break above 92,000, pullback to 91,800-92,000 long, stop below 91,500, targets 92,500 and 93,000
4. Breakdown defense: watch below 89,000, or wait for stabilization at 88,000-88,500 before choosing to go long, stop below 87,500

Risk warning

- Institutional ETF net outflows of about $730 million in the past two trading days, suppressing rebound momentum
- Macro events like non-farm payroll data may trigger sharp volatility, trade with light positions and stop-loss
- When rebound volume is insufficient, strictly avoid chasing high, prioritize high sell and low buy within the range