Published: 15 January 2026,06:29
Chart The Market
BTC, H4:
Bitcoin has achieved a decisive technical breakout, surpassing resistance from a month-long consolidation range that followed a significant selloff in mid-October. The subsequent ability to sustain trading above the prior range high suggests the breakout is backed by credible buying interest, indicating the move is sustainable and not a false signal.
The bullish structural shift is strongly supported by momentum indicators. The Relative Strength Index has climbed into overbought territory, reflecting intense near-term buying pressure. Concurrently, the Moving Average Convergence Divergence indicator has completed a bullish crossover above its zero line, confirming that momentum has shifted positively and is aligned with the new bullish price structure.
The technical posture has turned decisively bullish following the confirmed and sustained range breakout. While the overbought RSI condition indicates increased potential for near-term consolidation or a minor pullback, the primary trend direction is now higher. The critical level to watch is the new support established by the prior range; a sustained hold above it is essential for the continuation of the bullish trend. A reversal back into the prior consolidation range would invalidate the breakout and signal a failure of the bullish reversal attempt.
Resistance Levels: 101,365.00, 108,850.00
Support Levels: 93,890.00, 89,915.00
EURUSD, H4
The EURUSD pair has established a pronounced bearish trajectory, trading near its lowest levels in four weeks. The immediate technical focus rests on the critical support level at 1.1625; a decisive break below this threshold would provide significant confirmation of the prevailing bearish bias and likely trigger an extension of the downtrend.
Momentum indicators align with this weak price structure. The Relative Strength Index has been persistently suppressed below its midline for weeks, reflecting a sustained lack of bullish impetus. Concurrently, the Moving Average Convergence Divergence indicator remains entrenched below its zero line and signal line, confirming that bearish momentum continues to govern the pair’s price action.
The technical outlook for EURUSD remains bearish, with the pair testing a pivotal support zone. A confirmed daily close below 1.1625 would signal a breakdown, opening a path toward the next support target near 1.1550. The consistent bearish alignment of momentum indicators suggests limited buying interest. For the current downtrend to be called into question, the pair would need to stage a recovery above the 1.1700 resistance level, which would indicate a failure of sellers to capitalize on the breakdown attempt.
Resistance Levels: 1.1655, 1.1708
Support Levels: 1.1600, 1.1550
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