BTCUSD Today: Under $88K on Liquidations as Fed, Big Tech Loom — January 26
Bitcoin price today is under pressure, with BTCUSD trading near $87,860 after dipping below $88,000. Around $224 million in long positions were liquidated, showing fragile risk appetite before the Federal Reserve decision and megacap tech results this week. For Indian investors, global cues may shape crypto and equity sentiment during Asia hours. We break down price action, the Fed week outlook, Big Tech spillovers, and the technical setup with clear levels and risk pointers.
BTC Slides Below $88K Amid Liquidations
Bitcoin price today weakened as crypto markets absorbed roughly $224 million in long liquidations, adding to risk aversion ahead of event-heavy days. Traders cut leverage and reduced exposure into policy and earnings uncertainty, according to market reports. The market tone remains cautious across Asia, with dip-buying less aggressive than earlier in January. See coverage for context on liquidations and sentiment source.
Spot traded at $87,860.14, with a day range of $86,411.70 to $88,289.32. The 50-day average is $90,220.1472, while the 200-day average is $105,438.9136, keeping the medium-term trend below key moving averages. Year high sits at $126,296.00 and year low at $74,420.69. Over one month, price is up 2.37902%, but down 18.71367% over three months.
Fed Week Outlook for Crypto
The Fed’s stance steers dollar liquidity, yields, and risk appetite, which can move Bitcoin price today. A hawkish tone tends to lift the dollar and pressure crypto, while a softer message usually helps risk assets. Powell’s comments on inflation progress and future cuts will matter more than the rate decision. Any shift in balance sheet or liquidity language could amplify moves.
For India-based traders, the market reaction may spill into early Asia trade and overlap with local morning sessions. Watch U.S. yields, the dollar index, and equity futures for direction cues. Thin liquidity around the announcement can widen spreads on local platforms. Position sizing, limit orders, and avoiding high slippage time windows can reduce execution risk.
Big Tech Earnings and AI: Spillover to BTC
Mega-cap earnings often sway broader risk sentiment that feeds into Bitcoin price today. Strong guidance and cash flows tend to support tech indexes and crypto, while weak outlooks can hit both. Commentary on cloud demand, margins, and AI monetization will shape positioning. For a macro link between Big Tech, AI, and BTC this week, see this market note source.
AI spending plans, chip supply, and data center capex can influence equity risk cycles. When AI optimism rises, we often see stronger beta trades across tech and crypto. If guidance cools, correlations can flip quickly. Indian investors should also monitor local tech sentiment during the next NIFTY IT moves, since equity mood can feed into crypto flows onshore.
Technical Setup and Levels to Watch
Momentum is mixed. RSI is 48.91, near neutral. MACD is -245.82 versus a -967.46 signal, with a +721.64 histogram, hinting at potential stabilization. ADX at 25.89 shows a firm trend, and ATR at 3,252.65 points to elevated daily swings. Bollinger Bands sit at 93,209.41 upper, 88,709.05 middle, and 84,208.69 lower, bracketing the tape.
Price is hovering around the Bollinger middle at 88,709.05. A sustained break above may target 90,220.1472 (50-DMA) and 93,209.41. On weakness, 86,411.70 intraday low and 84,208.69 lower band are supports. Stochastic %K is 54.73 versus %D 68.50, suggesting consolidation. With MFI 47.98 and OBV negative, we prefer staggered entries, defined stops, and strict sizing for India-based accounts.
Final Thoughts
Bitcoin price today sits below $88,000 after sizable long liquidations, and the next catalysts are clear. The Fed’s tone on inflation progress and future cuts will set cross-asset risk appetite, while Big Tech earnings and AI commentary can further tilt flows. Technically, watch 88,709.05 as the near pivot, 90,220.1472 as resistance, and 84,208.69 as key support. Volatility remains elevated, so plan entries in tranches, stick to stop losses, and avoid chasing moves during thin liquidity windows. Indian investors should track U.S. yields, the dollar, and early Asia futures before committing fresh capital.
FAQs
Why is Bitcoin price today under pressure?
Recent long liquidations of about $224 million and caution ahead of the Federal Reserve decision have weighed on risk sentiment. Traders trimmed leverage, which added selling pressure. With macro and earnings catalysts clustered this week, many participants prefer smaller positions and tighter risk controls until clarity improves.
What should Indian investors watch during Fed week?
Focus on U.S. yields, the dollar index, and tech futures around the announcement and press conference. Volatility can spill into Asia morning trade. Use limit orders, control position size, and be mindful of fees and spreads on local platforms. Consider tax and compliance rules before frequent trading.
What technical levels matter right now?
Key levels include the Bollinger middle at 88,709.05, resistance near the 50-day average at 90,220.1472, and the upper band at 93,209.41. Supports are the session low at 86,411.70 and the lower band at 84,208.69. RSI near 48.91 signals neutral momentum, so patience and disciplined risk are important.
Can Big Tech earnings move Bitcoin this week?
Yes. Mega-cap earnings shape overall risk appetite. Strong guidance and AI spending plans can support tech indexes and, by correlation, crypto. Disappointing results or cautious outlooks often pressure beta assets. Watch revenue guidance, margin trends, and AI commentary for clues on near-term direction for broader risk trades.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
