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TokenEconomist

Market Technical Analysis Report for January 20th



Technical Breakdown: The MACD is still oscillating below the zero line, trading volume is rising, and the fast and slow lines have already diverged for the second time—this situation mostly indicates that the previous downtrend is weakening, but it could also accelerate downward. Meanwhile, both the KDJ and RSI are turning downward, with all four major indicators signaling bearishness, which is a very clear signal.

From the overall market pattern, short-term resistance is indeed significant. The rebounds are coming one after another, but none are sustained, and the technical signals are overwhelmingly bearish.

Trading Advice: Today, consider shorting on rallies.

Key Levels:
BTC rebounds to the 92800-93300 range, consider short positions targeting 90500
ETH rebounds to the 3210-3230 range, consider short positions aiming at 3070

Currently, with US core CPI below expectations, market sentiment has shifted, but the technical outlook remains weak.
BTC-1,99%
ETH-3,01%
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rekt_but_not_broke
· 01-22 06:11
These bearish signals are piling up, and MACD is still hanging out in the basement. A rebound would be a great opportunity to cut the chives. Short at 92,800 and enjoy the ride to the sky.
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FlashLoanPrince
· 01-20 00:31
The four major indicators are all signaling bearish, this wave is really hard to withstand...

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MACD is still lying on the floor, a rebound would just be a suicidal move

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The logic of shorting on rallies is sound, just worried it might be a false alarm again

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Another secondary divergence, whether it’s reliable this time is really uncertain...

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CPI below expectations didn’t save the market, the market is truly restless

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Can it drop from 92800 to 90500? It’s a bit uncertain

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With the technicals so weak, the bulls really should accept their fate
View OriginalReply0
defi_detective
· 01-20 00:29
It's another day of "bearish signals flying everywhere," but the rebound is still ongoing... Hey, the divergence is becoming more and more obvious, it feels like things are about to get serious.
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staking_gramps
· 01-20 00:17
Another damn short signal? It's the same routine every day—sell off on rebounds, then rebound again, it's a complete joke.
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MissingSats
· 01-20 00:14
Another round of shorting at the highs. Can it really drop to the target this time? Feels like it's always bearish every day.
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