Technical analysis by The_Alchemist_Trader_ about Symbol BTC: Sell recommendation (1/7/2026)

Bitcoin continues to trade within a well-defined range, struggling to reclaim key resistance despite multiple attempts. Price has repeatedly tested the $95,500 resistance zone, but each retest has resulted in rejection, reinforcing this area as the upper boundary of the current range. While Bitcoin has not yet rotated aggressively lower, the point of control (POC) has acted as temporary support, keeping price elevated in the short term. However, the current rally shows weak bullish characteristics, with limited volume inflows and a lack of strong follow-through. This suggests the move higher may be corrective rather than the start of a sustained trend. As long as price remains capped below resistance, the probability of a rotational move lower increases. The $80,000 level remains the key downside target, representing the overall swing low and lower boundary of the broader trading range. A decisive break above resistance with strong volume would be required to invalidate the range-bound thesis. Until then, market structure and momentum continue to favor consolidation, with $80,000 firmly in focus as the next major support level.