1.28 10:38pm Real-time Market Analysis

First, the conclusion: Bearish

15-minute chart high false breakout

Just now, the price briefly broke through the resistance of 90,313, but could not hold and was quickly pushed back down. This is technically called liquidity grab — the last charge of the bulls was slapped dead on the beach by the bears, which is a typical characteristic of a short-term top.

MACD indicator bearish divergence

Looking down at MACD, the signal here is very dangerous:

The price is rising, but the MACD momentum bars and fast/slow lines are moving down, which is a typical sign of bearish divergence.

This indicates that this wave of increase is entirely relying on inertia; the actual buying power is already weak, and momentum is decaying significantly.

EMA moving average support is shaky

Currently, the coin price has started to retrace to EMA 24 (blue line). Usually, after such a strong short-term surge, once the price effectively breaks below this blue line, it will trigger a chain reaction of stop-loss selling. The next target is near EMA 52 (red line) at 89,480.

Summary

The current level around 90,100 is a resistance level. As long as the next few K lines cannot break above 90,300 with significant volume, there is a high probability that the market will initiate a deep correction, testing the support levels of 89,460 or even 88,555 below.