Technical analysis by SmartEdgeTrading about Symbol BTC: Sell recommendation (1/4/2026)

By analyzing the #BTCUSD chart on the 1H timeframe, we can see that after sustaining a bullish structure, Bitcoin pushed strongly higher and reached the $91,300 – $91,700 region, which is clearly marked on the chart as a key resistance and expected breakout (BO) zone. After tapping this resistance area, price is now showing short-term exhaustion, with BTC currently trading around the $91,200 – $91,300 level. Multiple breakout attempts and increased volatility near this zone indicate that buy-side liquidity above the highs has largely been consumed, reducing immediate upside momentum. This reaction has created a short-term liquidity imbalance, and based on current price structure, a corrective pullback is likely before any further bullish continuation. The projected move, illustrated by the red arrow, suggests a retracement toward the $89,300 – $89,350 support zone, which aligns perfectly with prior structure, demand, and resting liquidity highlighted on the chart. The expected downside correction could be approximately 1,000 to 1,500 points, allowing the market to rebalance and establish a stronger base. As long as price holds above the major demand and support zone around $86,450 – $87,200, the overall market structure remains bullish, and any pullback should be considered corrective rather than a trend reversal. This analysis will be updated as price reacts at the highlighted resistance and support levels.