Share on the morning of January 12

As of the morning session, BTC shows clear short-term consolidation and bottoming characteristics. On the 4-hour chart, it recorded two consecutive bearish candles. The price surged to 91,252 in the evening but faced resistance and pulled back. Currently, it is trading below the middle band of the Bollinger Bands. The Bollinger Bands are narrowing, indicating that short-term volatility is entering a convergence phase. The upper band at 91,000 USD acts as an immediate resistance level, while the lower band at 90,500 USD provides a stage support.

Switching to the 1-hour chart for observation, after the price tested the key resistance at 91,250 USD in the evening, it quickly retraced to around 90,310 USD to stabilize and rebound. The long lower shadow is prominent, confirming that the 90,000 USD round number has strong support, and buying interest at this level is substantial. Meanwhile, the Bollinger Bands on the hourly chart are slightly expanding, indicating a consolidation and buildup in the technical outlook.

From a technical indicator perspective: The KDJ lines are running below the neutral zone at 50, with the J value turning downward, signaling weakening short-term momentum. However, it has not entered the oversold zone, so the downside space is relatively limited. The MACD histogram has shifted from red to green, showing initial bearish momentum, but it has not yet formed a significant volume. The indicators are still in a phase of battle between bulls and bears.

Based on the overall market structure, support and resistance levels, and indicator signals, the current trend is a bullish consolidation and bottoming process. After short-term buildup, a rebound is expected to trigger. The early morning trading strategy suggests relying on key support levels, mainly adopting a pullback-buying approach. The specific layout is as follows:

Bitcoin (BTC): Suggest buying near 89,300-90,000, with a target of 91,500.
Altcoin: Suggest buying near 3,040-3,080, with a target of 3,200.