BTCUSDT 8h Market Trend Analysis Report According to market data provided by CoinAnk Current Price: 87958.30 USDT 24-Hour Change: 0.645% Major Support Level: 86338.04 USDT Major Resistance Level: 89299.63 USDT Current Trend: Bearish Fluctuation Detailed Explanation: From a comprehensive technical indicator perspective, the market is currently in a tug-of-war phase between bulls and bears, but overall leans towards bear dominance. Here is the specific analysis: Moving Average System: Bearish Alignment. MA5 (88035.02) is below MA10 (88098.99), and both are below MA20 (88823.31) and MA120 (90286.35), indicating short-term moving averages suppressing prices, with a bearish trend in the medium to long term. The price is currently near MA5, failing to effectively break through, indicating strong upward resistance.
The daily K-line shape of the chart yesterday, #current price approximately **$87,075** (-0.75%), 24-hour low **$86,021**, recently dropped significantly from a high of **$97,932**, overall in a downtrend channel: Bollinger Bands: Price is close to the lower band ($85,764), middle band $91,521, upper band $97,277. Touching the lower band is often accompanied by oversold rebounds, but the current channel is bearish. MA Line: MA5($96,313) and MA10($108,751) are trending down, the price is far below the moving averages, short-term trend is dominated by bears. MACD: DIF -700, MACD histogram -785, strong death cross sell signal, momentum is bearish. RSI(6): 29.1, entering the oversold zone (@30), short-term rebound probability increases.
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The chart technical analysis (daily level) shows the daily candlestick chart of BTCUSDT (time range roughly covering early to mid-January 2026), with the current price at 87,826.4 USDT, a 24-hour decline of 1.50%. Key technical indicators are as follows: Bollinger Bands (BOLL 20,2): Upper Band 97,193.5, Middle Band 91,896.9, Lower Band 86,600.3. The price is close to the lower band (currently only about 1,200 points above), and a typical rebound is likely after touching the band, but if it breaks below the lower band with increased volume, the downside potential will further open up. Moving Average System: MA5 (103,624) and MA10 (101,720) are significantly above the current price, with moving averages in a bearish arrangement, indicating that the medium-term trend is bearish. If the price cannot quickly recover the mid-track around 91,900 in the short term, it will continue to face pressure.
BTC(Technical Analysis from All Parties on 2026-1-24)
Current price 89,377 USDT (down 1.23%), daily K-line is in a clear correction channel: Price trend: rapidly fell from the high point at the end of December 2025 (around 97k-98k), recently oscillating downwards in the 89k-90k range, forming a descending channel. Lowest reached 86,355 (marked in the figure), currently close to the 89k support. Key indicators: MA5/MA10 death cross downward, short-term moving average pressure is obvious. RSI(6): 32.2, has entered the oversold area (@30 is extremely oversold), suggesting a possible short-term oversold rebound, but no bottom divergence has formed yet. MACD: DIF/DEA death cross, green bars expanding, bearish momentum is strong.