【0115 Daily Report】Short-term BTC is consolidating at a high level, high OI suggests a breakout is imminent
$BTC $ETH $SOL
Today's Fear & Greed Index is 54, sentiment appears to have returned to neutral with a slight greed, but in reality it's market confusion before direction selection. On the macro front, the delay of the US Supreme Court's tariff ruling has caused some funds to hold back, while the recovery of the Sui network and positive news about WLFI are more of an internal celebration within the sector. Although Bitmine continues to stake ETH, signaling long-term confidence, the key right now is liquidity competition.
BTC:
In the early morning 15-minute chart, BTC is stuck at the awkward 96,500 level, just one step away from the 97,000–98,000 resistance zone on the 4-hour chart. Note the data: OI (open interest) remains at an extremely high level of 9.28 billion, which is definitely not a good sign, indicating massive divergence between bulls and bears, with the battle now reaching its peak. At such a high OI level, the main players love to trigger sharp spikes to wash out weak positions. Watch the 15-minute support at 95,000; if it holds and volume surges above 97,500, bulls might still dream of pushing toward 100,000; but if it breaks below 94,500, that's the moment of bait-and-kill after false bullish signals, with huge downside risk.
ETH:
ETH remains as unimpressive as ever, moving in tandem with BTC but showing weaker performance, lingering around 3,320 in the morning. The 3,380–3,400 zone is filled with technical resistance, and daily moving averages are not yet improving. Although on-chain staking data looks good, without volume support, it's all empty talk. Focus on the 3,200 level as short-term defense; only if it holds above 3,350 can bulls show signs of a comeback. For now, it's still stuck in an oscillating quagmire, slowly recovering.
Key Points for Today:
Although Sui and WLFI are attracting some attention, the overall market still depends on BTC's mood. With high OI levels for BTC and ETH, volatility could explode at any moment, making 'whipsaws' or sharp spikes to wash out leveraged positions highly likely. Stay calm, manage your position size, monitor ETF inflows, and avoid becoming a victim of liquidity.
⭐⭐The above are personal views and recaps, not trading advice.