On January 9, Bitcoin fell by 1.39% in the past 24 hours, trading at $93,392. From the short-term trend observed in January, the price of Bitcoin shows a downward trend, with highs continuously decreasing and lows also moving down, which is characteristic of a downtrend, indicating that bearish forces dominate the market in the short term.

After experiencing a significant rise in 2024 and severe fluctuations at the beginning of 2025, Bitcoin may enter a medium-term adjustment phase, forming a platform consolidation or range oscillation pattern. During this phase, the price will fluctuate within a relatively fixed range, waiting for further clarification on market news and technical analysis.

Technical analysis: RSI (14): The value is 100, indicating overbought conditions, which typically means Bitcoin's price may face pullback pressure in the short term. STOCH (9, 6): The value is 100, showing that Bitcoin is in the overbought zone, suggesting that upward momentum may be insufficient in the short term, posing a risk of decline. Williams %R: The value is 0, also in an overbought state, further confirming the possibility of a reversal and decline in Bitcoin's price in the short term.

January 9

Bitcoin: Short at 94,400-93,900, target 92,900-91,400, stop loss at 94,900

Ethereum: Short at 3355-3325, target 3275-3200, stop loss at 3595