Bitcoin’s 92K–94K Compression: Textbook Bullish Correction, Not Breakdown – 2026 01 07

Bitcoin Between 92,200 Support and 94,407 Resistance

Bitcoin consolidates at 92,871 after rejecting 94,407 resistance, locking into a shallow pullback phase that validates yesterday’s warning perfectly. Price down 843 points from yesterday’s high, but the real story lies beneath the surface where short-term momentum has reversed decisively while medium-term structure holds. This is the exact correction setup we predicted, and it’s unfolding tick by tick across your charts.

The last 22 hours have compressed extreme overbought conditions into formation—Stochastic RSI unwinding from 97+ readings on 12H and 1D, MACD histograms turning negative on 2H through 6H, and Chaikin Money Flow flipping from accumulation to distribution. Yet 12H and 1D MACD histograms remain positive at +441.9 and +820.7, telling us this is correction, not capitulation. The technical structure is bifurcated exactly as we flagged.

Short-term timeframes 2H-6H show bearish momentum reversal with scores from -0.5 to 0.0—MACD crosses negative, RSI below MAs, CMF weakening. Medium-term frames 12H-1D maintain bullish fundamentals with strong positive histograms despite extreme overbought exhaustion signals. Weekly remains bearish with MACD deeply negative -1,892.5, confirming macro downtrend persists. This split personality creates the consolidation floor at 92,200-92,800 we identified.

Price cannot break decisively lower because 12H-1D structure prevents cascade. Price cannot surge higher because 2H-6H momentum is exhausted. The battleground is exactly 92,201 support and 94,407 resistance—a 2,206-point range that will define your next directional move. The 91,000-91,500 support cluster as identified remains critical if 92,201 breaks. Every level on the chart has held or rejected exactly as predicted. This is consolidation-correction within a bullish structure, not reversal or breakdown.

Watch for the reset to complete—when 4H Stochastic RSI reaches oversold <10 and stabilizes, bounce confirmation follows. When 12H MACD histogram begins contracting toward zero, the next decision point approaches. When daily CMF turns decisively positive >+0.15 with volume confirmation, the rally resumes. Until these confirmation signals align, treat 92,200-93,500 as a no-trade zone where directional edge is minimal.

Position size accordingly. Respect the support floor. Wait for the indicators to confirm before chasing the next leg. The market is consolidating perfectly on schedule. Trust the levels. Trust the process. Bitcoin is testing the foundation of its near-term structure right now.

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