January 23, 2026 (Friday) BTC shows weak oscillation with a slight downward trend, consolidating below $90,000, with minor intraday dips and cautious capital flow. Below are the key points, technical, macro analysis, and trading suggestions. 1. Core Market Data - Price Range: approximately **$88,515—$90,340** - Closing Reference: approximately **$89,676**, down 0.30%—0.35% over 24 hours - Trading Volume: about $1.556 billion, moderate volume, no significant increase - Key Levels: Support at **$88,500**, $87,600; Resistance at **$90,300**, $91,500 2. Technical Analysis: Bearish dominance, weak oscillation - Trend: Price remains below EMA20 ($91,526), Supertrend indicator signals bearish, short-term bias is bearish - Momentum: RSI (14) around 44.55, below 50, indicating selling pressure; MACD negative histogram expanding, bearish momentum strengthening, DIF/DEA diverging downward - Pattern: Four-hour chart shows divergence at the bottom but no rebound, overall in a oscillating downward rhythm, with a possibility of a second bottom 3. Macro and Market Sentiment - Risk Appetite: Geopolitical risks (such as tariff comments) and high interest rate expectations suppress risk appetite, capital is withdrawing from high-risk assets - Market Correlation: Mainstream coins like ETH are generally weakening, dragging BTC down; high proportion of long positions liquidated, sentiment remains cautious - Capital Flow: Institutional holdings are relatively stable, but short-term funds are on the sidelines; trading volume has not significantly increased 4. Trading Suggestions - Short-term: Encounter resistance in the **$89,800—$90,300** range, consider light short positions with stop-loss above **$91,000**; if it dips to around **$88,500** and stabilizes, consider small long positions aiming for **$89,500**, with stop-loss below **$88,000** - Mid-term: Watch **$87,600** support, if broken or if it drops to **$87,000—$86,000**; if a rebound breaks **$91,500**, the bearish trend may ease - Risk Management: Strictly control position size (recommended ≤30%), avoid high leverage, and be cautious of sudden news shocks

Sol has also started playing narrative memes, which really proves that the saying is true: history doesn't repeat itself, but it often rhymes. (Refer to ETH's meme!) It's not that veteran players can't trade coins anymore; it's that these people who can influence the market are reversing course. #PENGUIN