BTC Market Analysis 1/27 Bitcoin was in an oversold and divergent state yesterday, so shorting was not advisable. A rebound was likely, and it has rebounded by about $2000 from the bottom. However, this is just a rebound, and it will continue to fall after the rebound. 1) First resistance level for the rebound: 90500-91000 2) Second resistance level for the rebound: above 92000 (4-hour bearish OB) 3) The daily support level below 83700 is a strong support.