🟡 BTCUSD Daily Market Analysis—31 JANUARY 2026

Introduction

In the ever-evolving cryptocurrency market, keeping a close eye on key indicators is essential for traders and investors. As of January 31, 2026, the BTCUSD pair is trading at $83,975. This analysis will delve into the daily and 4-hour time frames, utilizing various technical indicators to provide a comprehensive overview of market dynamics. We will explore support and resistance levels, Fibonacci retracement levels, Exponential Moving Averages (EMA), RSI divergence, order blocks, and MACD to equip you with the insights needed for informed trading decisions.

Market Overview

Current Price

• BTCUSD Live Price: $83,975

Recent Swing Levels

• Swing High: $97,942

• Swing Low: $85,960

Technical Indicators Analysis

Support & Resistance Levels

Daily Time Frame

• Support Levels:

  • First Support: $82,500

  • Second Support: $80,000

  • Third Support: $78,500

• Resistance Levels:

  • First Resistance: $85,500

  • Second Resistance: $88,000

  • Third Resistance: $90,000

4-Hour Time Frame

• Support Levels:

  • First Support: $83,000

  • Second Support: $81,500

  • Third Support: $80,500

• Resistance Levels:

  • First Resistance: $84,500

  • Second Resistance: $86,000

  • Third Resistance: $87,500
    

Fibonacci Retracement Levels

Utilizing Fibonacci retracement levels can help identify potential reversal points. Based on the recent swing high and low:

• Key Fibonacci Levels:

  • 23.6% Level: $85,500

  • 38.2% Level: $83,500

  • 61.8% Level: $81,000

These levels indicate significant areas where price action may react, offering potential entry and exit points for traders.

Exponential Moving Averages (EMA)

Daily Time Frame

• EMA 50: $82,300

• EMA 100: $80,600

• EMA 200: $77,500

• EMA 400: $75,000

The EMAs on the daily time frame suggest a bullish trend as the price is currently above these moving averages, indicating strong upward momentum.

4-Hour Time Frame

• EMA 50: $83,000

• EMA 100: $81,500

• EMA 200: $79,800

• EMA 400: $78,200

In the 4-hour time frame, the price remains above the shorter-term EMAs, reinforcing the bullish sentiment observed in the daily analysis.

RSI Divergence

The Relative Strength Index (RSI) is a valuable tool for identifying potential reversals. Currently, the RSI is at 62, indicating that BTCUSD is approaching overbought territory. Notably, there is a bearish divergence forming, as the price makes higher highs while the RSI creates lower highs. This divergence could signal a potential pullback in the near term.

Order Blocks

Order blocks are areas where significant buying or selling has occurred, often leading to price reversals. In the current analysis:

• Bullish Order Block: Located around $81,000, this level has previously acted as a strong support zone.

• Bearish Order Block: Found near $86,500, this zone has seen substantial selling pressure, indicating potential resistance.

MACD Analysis

The Moving Average Convergence Divergence (MACD) is currently showing a bullish crossover, with the MACD line crossing above the signal line. This suggests that the upward momentum may continue, but traders should remain cautious of any potential reversals indicated by the RSI divergence.

Summary of Key Levels

Daily & 4-Hour Support and Resistance

• Daily Support Levels:

  • $82,500

  • $80,000

  • $78,500

• Daily Resistance Levels:

  • $85,500

  • $88,000

  • $90,000

• 4-Hour Support Levels:

  • $83,000

  • $81,500

  • $80,500

• 4-Hour Resistance Levels:

  • $84,500

  • $86,000

  • $87,500

Exponential Moving Average (EMA) Levels

Daily Time Frame

• EMA 50: $82,300

• EMA 100: $80,600

• EMA 200: $77,500

• EMA 400: $75,000

4-Hour Time Frame

• EMA 50: $83,000

• EMA 100: $81,500

• EMA 200: $79,800

• EMA 400: $78,200

Weekly Pivots

• Weekly Pivot Point: $84,000

• Weekly Resistance 1: $86,000

• Weekly Support 1: $82,000

Daily Pivots

• Daily Pivot Point: $83,500

• Daily Resistance 1: $85,000

• Daily Support 1: $82,000

Conclusion

As we analyze the BTCUSD market on January 31, 2026, the combination of support and resistance levels, Fibonacci retracement levels, EMAs, RSI divergence, order blocks, and MACD provides a comprehensive view of the current market conditions. Traders should remain vigilant, especially considering the bearish divergence in the RSI, which may hint at potential pullbacks. By closely monitoring these indicators, traders can make informed decisions and navigate the dynamic cryptocurrency market effectively.