Published: 13 January 2026,06:43
Chart The Market
BTC, H4:
Bitcoin has demonstrated a constructive technical rebound after a recent corrective phase, finding precise support at the critical 61.8% Fibonacci retracement level of $90,300. This successful defense of a deep retracement level suggests underlying buying interest remains intact and that the broader uptrend trajectory is likely still governing price action.
The primary technical objective for bulls is now a decisive breakout above the recent cycle high at $94,500. A sustained move above this level would provide strong confirmation that the corrective period has concluded and that the next leg of the bullish trend is commencing.
This positive price structure is being corroborated by momentum indicators. The Relative Strength Index is climbing toward overbought territory, reflecting strengthening short-term momentum. Simultaneously, the Moving Average Convergence Divergence indicator has executed a bullish crossover above its zero line, providing a complementary signal that bullish momentum is reasserting itself.
The technical setup has turned favorable following the successful hold of major Fibonacci support. The alignment of this price action with improving momentum indicators validates the structure of a potential trend continuation. The near-term bias is bullish, contingent upon Bitcoin maintaining levels above the $90,300 support. The bullish scenario would be invalidated by a breakdown below this Fibonacci level, which would signal a failure of the rebound and potentially open a path toward deeper correction.
Resistance Levels: 93,580.00, 101,365.00
Support Levels: 89,916.00, 85,635.00
EURUSD, H4
The EURUSD pair continues to trade within a defined downtrend following its rejection from the four-month peak at 1.1808. Recent price action confirms the bearish bias, as a technical rebound attempt was decisively capped beneath the critical 61.8% Fibonacci retracement resistance at 1.1697. The subsequent resumption of the decline validates this level as a key technical barrier and suggests the broader corrective phase remains intact.
However, momentum indicators are signaling a potential loss of bearish intensity. The Relative Strength Index has rebounded from oversold territory, indicating a reduction in selling pressure. Furthermore, the Moving Average Convergence Divergence indicator has formed a bullish golden cross at depressed levels, which typically suggests that near-term downward momentum may be exhausting.
The technical structure remains bearish, governed by the clear rejection at Fibonacci resistance. However, the nascent bullish divergence in momentum indicators introduces the prospect of a near-term consolidation or a more complex corrective pattern, rather than an immediate, vertical decline. The bearish outlook would be reaffirmed by a failure to hold above the 1.1620 support. For the current downtrend to be meaningfully challenged, a sustained break above the 1.1697 Fibonacci level is required. Traders should monitor whether the improving momentum can translate into a stronger price rebound or if it will merely precede a period of sideways action before the dominant downtrend reasserts itself.
Resistance Levels: 1.1708, 1.1755
Support Levels: 1.1595, 1.1550
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