1.26 Monday Bitcoin and Ethereum Midday Analysis

The market has experienced a deep retracement again, with Bitcoin sharply falling to 86,000 and Ethereum dropping to 2,780. From a 4-hour analysis, Bitcoin shows a clear short-term bearish trend. Previously, the price surged to a high of 91,180 but failed to sustain the upward momentum, then transitioned into a volatile decline. A structure of gradually decreasing highs and lows has formed a clear downward channel. The bullish momentum continues to weaken, and the bears dominate the market. The trend has entered an accelerated decline phase, driven by consecutive large bearish candles. A large bearish candle directly broke through the previous consolidation support level, further reinforcing the short-term downtrend. Although there is a slight rebound currently, the pattern indicates a typical weak correction after a decline. The size of the rebound's bullish candles is much smaller than the previous bearish candles, showing insufficient bullish strength. It is still under pressure from the middle band of the Bollinger Bands, which is sloping downward, and the rebound has not achieved an effective recovery. The selling pressure above remains heavy.
Bitcoin around 88,000 looks at 86,500
Ethereum around 2,900 looks at 2,800
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