2026-01-15 13:30:31

Evening Market Review on January 15: Bitcoin continued to decline from around 97,000, reaching a low of approximately 95,700, then rebounded. It is now fluctuating around 97,100.

From the hourly Bollinger Bands indicator, the three bands are mostly flat, but there are slight signs of divergence with the upper and middle bands trending slightly downward. The gap between the bands has not expanded yet, indicating that the current market is in a weak consolidation phase. After rebounding near the lower band today, the price has been oscillating around the middle band, which is steadily sloping downward, exerting clear resistance. Multiple attempts to break above the middle band have been met with resistance and a pullback. Clearly, bullish momentum is insufficient, and the bears are gradually gaining control.

Trading strategy is as follows:

Bitcoin: Short between 97,300-98,100, targeting 94,700-93,600

Altcoins: Short between 3,400-3,450, targeting 3,270-3,220

Mainstream coins like SOL, XRP, BNB, etc., should also be monitored for similar technical resistance. Currently, market sentiment is weak. It is recommended to be cautious with long positions and observe whether the lower band can form effective support.

BTC-1,41%

SOL-1,45%

XRP-3,05%

BNB-0,9%

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LiquidityHunter

· 01-15 14:00

97100 this level repeatedly struggles without any new pattern emerging; the feeling of the mid-range downward pressure is still too obvious. --- Is the liquidity depth sufficient for the 1600-point arbitrage space between 95700 and 97300? --- Once again, weak oscillation and dominance by the bears—if the lower boundary really can't hold, it will be interesting. --- The target of 3270 for the second rally feels conservative; the trading pair's liquidity depth will determine how far it can go. --- The detail that the gap between the ranges isn't expanding is interesting, indicating that there hasn't been a true directional breakout yet.

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FantasyGuardian

· 01-15 13:52

Still hovering around 97,000, the bears are really fierce 95700 hit the bottom and then rebounded, are they joking with us? Looking forward to this dip down to 93,600, Bitcoin still needs to drop another round Weakness is weakness, don’t think a rebound can turn things around The middle band resistance is so obvious, the bulls are still dreaming Second Bitcoin is crashing with Bitcoin, 3220 is not a dream Chasing longs now is a gamble, I advise you to stay calm This wave of bears has taken control, let’s wait and see, everyone Can the lower band hold? I think it’s unlikely Will 92,000 be seen? Let’s wait and see

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DegenWhisperer

· 01-15 13:48

They're starting to suppress again. The bears are really gradually taking over this wave of the market.

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FlashLoanPhantom

· 01-15 13:45

Starting to mess around again, this bearish wave is really fierce --- The middle band resistance is so obvious, chasing longs is just asking for death --- Will 94700 hold? Feels like a cliffhanger --- Still trying to break through in a weak pattern? Dream on --- Even the second candle is falling, there's no play in this wave --- Being cautious about chasing longs is basically a hint to go short, got it --- Whether the lower band can hold is the key; if it breaks, it's a direct dive --- How long has 97 been bouncing around? So annoying

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