2026-01-18 11:29:05

Today, Bitcoin shows obvious overbought signals on the 1-hour chart.

After the price surged to 95,600 and reached the intraday high, there was a rebound, but the trading volume clearly lagged behind. Currently, it is oscillating back and forth between the upper and middle bands of the Bollinger channel. From the market sentiment, the bulls' recent rally was too aggressive, and now the mood feels somewhat exhausted.

The KDJ indicator is now in the overbought zone, and short-term correction pressure is rapidly building. This situation—rising to a cold touch + shrinking volume—usually presents a good opportunity for shorting. It is recommended to take light short positions at resistance levels above, waiting to profit from this pullback.

Specifically, it is more appropriate to establish short positions between 95,400 and 95,700 on Sunday night, with a target around 94,000.

BTC-2,58%

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ImaginaryWhale

· 12h ago

9.56w can't push through, the trading volume feels very obvious that it's not keeping up. --- Is it the same old story? Honestly, I don't really believe in short positions; I think the main force is just shaking out the traders. --- Wait, is overbought KDJ a signal to short? That logic seems a bit forced... --- The key is the shrinking trading volume; otherwise, any rally is just on paper. --- Looking at 9.4w, it seems a bit far, and there might be some fluctuations in between. --- The bulls are indeed fierce this time, but the pullback doesn't necessarily follow what you said. --- I agree with small positions, but don't be too greedy about this pullback. --- Haha, every time you say shorting is a good opportunity, but what happens? --- Bollinger Bands oscillating like this are really annoying. --- I'm not very optimistic about the target of 9.4w; the rebound might get stuck at a higher level.

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FastLeaver

· 12h ago

If the trading volume can't keep up, be alert. This bullish wave is indeed a bit weak. It's the same old trick: shrinking volume at high levels, KDJ overbought. I bet it will pull back. See you at 94,000, friends.

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AlwaysMissingTops

· 12h ago

When it weakens, it's time to run; don't wait until it breaks to cry.

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WagmiOrRekt

· 12h ago

95,600 this wave was pulled too quickly, feeling truly exhausted, and the trading volume can't keep up, which is the most critical issue.

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MemeEchoer