BTC (Bitcoin) Daily Technical Analysis | 2026.01.28
From the daily structure, Bitcoin is still in the high-level adjustment phase of the bull market's main trend. The previous main upward wave that started from 36,000 formed a temporary top around the 118,000–120,000 range and then entered a noticeable pullback and wide fluctuations. Currently, the price is running around 89,000, which is a mid-term correction of the previous main upward wave rather than a trend reversal.
Structurally, the current low has not effectively broken below the key support area of 82,000–80,000, which is both the breakout platform from earlier and an important defensive position for the mid-term bulls, indicating that long-term capital is still observing in the market. At the same time, the rebound high continues to be constrained by the 98,000–100,000 pressure, indicating that short-term bullish momentum is insufficient, and the market still needs time to digest the high-level chips.
If the daily line subsequently breaks below 80,000, the market may expand the adjustment space towards 72,000–70,000; conversely, if it can stabilize above 100,000 again, there is hope to test the previous high area above 115,000.
Key Levels:
Support: 82,000 / 80,000
Resistance: 100,000 / 112,000
Summary in One Sentence: Bitcoin is still oscillating within the structure of the bull market, with 80,000 being the bullish bottom line. As long as it is not broken, it should be viewed as an adjustment rather than a reversal.
From the daily structure, Bitcoin is still in the high-level adjustment phase of the bull market's main trend. The previous main upward wave that started from 36,000 formed a temporary top around the 118,000–120,000 range and then entered a noticeable pullback and wide fluctuations. Currently, the price is running around 89,000, which is a mid-term correction of the previous main upward wave rather than a trend reversal.
Structurally, the current low has not effectively broken below the key support area of 82,000–80,000, which is both the breakout platform from earlier and an important defensive position for the mid-term bulls, indicating that long-term capital is still observing in the market. At the same time, the rebound high continues to be constrained by the 98,000–100,000 pressure, indicating that short-term bullish momentum is insufficient, and the market still needs time to digest the high-level chips.
If the daily line subsequently breaks below 80,000, the market may expand the adjustment space towards 72,000–70,000; conversely, if it can stabilize above 100,000 again, there is hope to test the previous high area above 115,000.
Key Levels:
Support: 82,000 / 80,000
Resistance: 100,000 / 112,000
Summary in One Sentence: Bitcoin is still oscillating within the structure of the bull market, with 80,000 being the bullish bottom line. As long as it is not broken, it should be viewed as an adjustment rather than a reversal.
