WHAT'S THE WAY FORWARD FOR BITCOIN?
PUMPING OR DUMPING SOON ? FIND OUT HERE:
As of January 27, 2026, Bitcoin ($BTC ) is trading around $87,700 - $88,600 (With a live price of $88,300 at the time of writing) showing signs of consolidation after recent volatility. The cryptocurrency has been under pressure from macroeconomic factors, geopolitical tensions (such as U.S.-Iran issues), and market rotations away from risk assets. This has led to a choppy trading environment, with BTC struggling to reclaim higher levels like $90,000 while defending key supports. Short-Term Price Movement (1-30 D
Wednesday Morning Market View: Weak Rebound, Focus on Short Positions Throughout the Day
Overnight, Bitcoin retested the 87200 level again. The short positions given around 89000 yesterday were successfully closed, resulting in nearly 1700 points of profit. Subsequently, the price found brief support at lower levels and began to rebound. Currently, it has risen back above 89000, but from the trend perspective, this rebound clearly lacks sustainability. Morning trading will still primarily focus on high-level short positions.
From the market structure, the recent phase has seen frequent battles between bulls and bears, but the price has remained within a range. Multiple attempts to break and stabilize above the 89500-90000 zone have failed, indicating persistent resistance. The key support level is at 86000; as long as this level holds, there is value in low buying opportunities. Currently, Bitcoin is in a short-term upper pressure zone. Focus on the pullback strength today, and consider long positions only after a proper retracement.
Trading reference:
In the morning, focus on short positions around 89500-90000, targeting 88000-87000.