On January 14th, after Bitcoin opened, it was stimulated by positive CPI data, leading to a clear volume breakout. From a technical perspective, the bullish trend on the 4-hour and daily charts has been confirmed, but the 1-hour chart shows the price entering overbought territory. During morning trading, a typical pattern of "high-level consolidation followed by a pullback to confirm support" is expected.



Trading suggestion: Consider building long positions in the 95000-94300 range, with the first target at 97000. If the price breaks further, watch for 98000. Also, pay attention to the correlation between $ETH and $SOL, as these three assets tend to move closely in the short term.
BTC4,96%
ETH6,92%
SOL3,84%
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RuntimeErrorvip
· 31m ago
Overbought and still hyping? I'll just see if it can pull back to 94,300; otherwise, this wave might be a false breakout again.
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LowCapGemHuntervip
· 14h ago
It's in the overbought zone again. Every time I say this, what happens? It surges even more fiercely, haha.
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ForkLibertarianvip
· 14h ago
94300 going long might get crushed again. Is this CPI rebound reliable or not...
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HashRateHermitvip
· 14h ago
Is it the same pattern again? High-level oscillation and retesting support. I've been hearing this term for a year.
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StableNomadvip
· 14h ago
ngl the 1h overbought screams "bag holder's copium" to me... statistically speaking, every time smart money calls this exact setup we get rekekt within hours. reminds me of UST in May when everyone was "totally confident" about the bounce.
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APY_Chaservip
· 14h ago
94300 I am really eager to buy the dip, just afraid it might be a false alarm again. If this CPI rally can reach 98000, it will be a huge profit; anyway, I have already set my trap.
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Hash_Banditvip
· 14h ago
ngl the 1h overbought signal has me cautious rn... seen this pattern too many times during difficulty adjustment cycles. hashrate pumps dont always translate to price holding, ya know? 95-94.3 entry's solid but id be watching network conditions closely before committing heavy. eth-sol correlation's worth tracking tho, thats usually a good proxy for broader market health
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