January 18, 2026 $BTC Currently in a high-level oscillation correction within an upward trend, approaching a key support level, with initial signs of stabilization.

After a strong rally, the market is undergoing a technical correction. Long-term moving averages remain upward, and the main upward structure is intact. However, short-term momentum (MACD histogram) is weakening, and the market needs time to digest previous gains and accumulate new upward energy. Currently, both bulls and bears are competing for balance near a critical support level.

Key Level Analysis

Key Support Levels:
1. EMA_SLOW ( Near )94,965(: This is the lifeline of the current upward trend. If the price can find support near this moving average and rebound, it will reinforce the continuation of the upward trend.
2. Previous oscillation platform high/Recent correction low area )95,000 - 95,500(: Chart observations show that on January 15-16, the price tested and found support multiple times in this zone (e.g., 95,134, 95,133). This area is a dense trading zone and constitutes an important support.
3. Stronger support level )93,500 - 94,000(: Corresponds to the first retracement platform after the breakout on January 14 and the possible downward probe of EMA_FAST. If the price falls below 95,000, this will be the last line of defense for the bulls.

Key Resistance Levels:
1. Recent high )97,000 - 97,924(: To restart the upward trend, the price must first break through and stabilize above the recent rebound high.
2. Historical previous high )97,924(: This is the peak of this rally and the most important psychological and technical resistance. A successful breakout will open new upward space.
3. Psychological round number )100,000(: If the previous high is broken, the hundred-thousand-dollar mark will be the next major resistance and target.

Trading Suggestions (For Reference Only)

1. For Bulls: Pay close attention to the support zone at 95,000 - 95,500 and the support validity of EMA_SLOW )~94,965(. If the price shows signs of stabilization such as decreasing volume on decline, RSI turning upward again near 50, or MACD histogram contracting, it can be considered a potential entry or add position point for trend continuation. Focus on whether the price can volume-break through 97,000 and the previous high.
2. For Bears/Risk Averse Traders: Currently, shorting against the trend carries high risk because the main trend remains upward. A safer approach is to observe whether the price can effectively break below EMA_SLOW with increased volume, which may be an early signal of trend weakening or reversal. The key support below is 93,500.

Summary: The market is at a critical decision point. Bulls are striving to defend the gains of the rally, while bears are testing support strength. The performance of the price near key support levels in the next few cycles (whether it rebounds or breaks down) will determine the short-term direction. Current data leans more towards oscillating above support, with a slightly higher probability of time being used to expand space.