2026-01-07 06:26:59

As of January 7th, Bitcoin closed at around 92,671.27 USDT, with a 24-hour trading volume of approximately 60.9 billion USD, and a total market capitalization of 1.85 trillion USD. This position seems stable, but market sentiment tells a different story—Fear & Greed Index is only at 42, slightly easing from last week's extreme fear level of 21, but cautious sentiment remains strong.

**What does the technical analysis say?**

RSI(14) hovers around 58, indicating it’s already showing signs of being overbought. The MACD momentum is clearly weakening, suggesting buying pressure is losing steam. More importantly, the support zone between $85,000 and $88,000 is currently under test. Once this level is broken, there could be considerable downside potential.

**From a larger cycle perspective**, Bitcoin is actually digesting the high of 99,588 reached in November 2025. At the start of January, it was at 87,648.21, recently rebounded to 94,700 but then quickly retreated. Now stuck at 92,671, this oscillation without a clear breakout indicates the structural integrity is indeed compromised. Historical comparisons are quite sobering—before the bear markets of 2018 and 2022, similar weak rebounds followed by further declines were observed.

**Risks are accumulating**

Whale activity has recently increased significantly, and inflow pressure on exchanges is notable. The macro environment isn’t very optimistic either—shifts in dollar expectations and geopolitical uncertainties are present, and there are signs of capital outflows from ETFs. These factors combined suggest that the short-term downside momentum is not weak.

If you want to find opportunities at this level, you need to be aware of support levels. Currently, on-chain data does not show strong bottom signals; it’s mostly in a phase of repeated testing.

BTC-2.23%

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FOMOSapien

· 01-07 06:56

Here we go again with the stories of 2018 and 2022. Are they really the same this time? I don't think so. Once the support breaks, that's when it really gets exciting. Is the whale accumulating or distributing? That's the key. Regarding the 92K card, it feels like waiting for a bottom signal might take a long time.

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RealYieldWizard

· 01-07 06:45

92,000 just want to be stable? It looks more like a prelude to a bear market to me. Both whales and outflows are happening again, this market does seem a bit shaky. The same tactics from 2018 are happening again, no wonder I haven't dared to heavily invest in my hands. Wait for the real bottom signal; jumping in now is just gambling. If the support breaks, a downward plunge wouldn't be surprising. Wake up, everyone.

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CryptoComedian

· 01-07 06:43

Laughing and then crying, RSI is already at 58, and some people are still chasing the high? --- Whales are accumulating, and we are the ones taking the hit. This is the market's gentle side. --- If that line at 85,000 really breaks, my stop-loss order will truly be useful. --- Every time they say this time is different, but it turns out to be the same old pattern before a bear market. I am truly fooled clearly and plainly. --- Fear & Greed index is only 42, it seems everyone hasn't been scared enough yet. --- Have a clear idea of the support level? I am the support level itself, pressed down so tightly. --- Unfavorable macro outlook plus whale movements—I've seen this combo too many times. --- 99,588 will never come back again. Everyone should let go.

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EternalMiner

· 01-07 06:38

Tsk, same old trick, calling a bottom on rebound and a crash on decline. Can we really hold the 92k level? Wait, whales are increasing exchange inflow pressure... This time, are they really going to dump? History does repeat itself, I remember the 2018 wave well. People who don't have a clear idea of the support levels are the easiest to get liquidated at this point. Fear & Greed index is only 42? We need to fall further to see true fear.

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GetRichLeek

· 01-07 06:35

It's the same pattern again, RSI overbought MACD fading. Every time, people say the same thing, but Bitcoin still keeps rising🤷 I just want to know, after breaking 85K, will someone say "This is the last chance" again? Who said the top was at 99,588 last time?

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quietly_staking

· 01-07 06:33

Hmm... Looking at the RSI overbought and MACD weakening, it seems this rebound indeed lacks momentum. --- Whales are starting to move again. With such heavy inflow pressure on the exchanges, is it time to run? --- 92671 is stuck. I really feel like it's testing repeatedly, and without a clear bottom signal, it's quite uncomfortable. --- Compared to the pace of 2018 and 2022, could this be another weak rebound followed by further dips? Feeling a bit anxious. --- Once the 85k-88k range is broken, the space is indeed quite large. Still, caution is necessary. --- The Fear index is only 42. This sentiment... Although better than last week, it still feels very cautious. --- Geopolitical tensions and dollar expectations, macro conditions are indeed not favorable. No wonder ETF is still flowing out. --- If you're looking for opportunities now, you need to be very clear about these support levels; otherwise, it's easy to get caught.

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