Big Test for Bitcoin π The Daily Chart Report
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Todayβs Summary
Wednesday, January 21, 2026
Indices: Russell 2000 +2.00% | Nasdaq +1.36% | Dow +1.21% | S&P 500 +1.16%
Sectors: All of the 11 sectors closed higher. Energy led, gaining +2.42%. Consumer Staples lagged, but still inched higher by +0.10%.
Commodities: Crude Oil rose +0.55% to $60.69 per barrel. Gold rose +1.57% to a new all-time high of $4,840 per oz.
Currencies: The US Dollar Index rose +0.22% to $98.77.
Crypto: Bitcoin is currently up +2.02% at $90,120. Ethereum is up +3.25% at $3,031.
Volatility: The Volatility Index slid -15.89% to 16.89.
Interest Rates: The US 10-year Treasury yield fell to 4.247%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Caleb Franzen (@CalebFranzen).
- Bitcoin relative to the equal-weight S&P 500 ($BTC/$RSP) is retesting its 2021 cycle highs, a level that has historically marked major turning points.
- With $BTC already breaking down against the cap-weighted S&P ($SPY), a failure here would imply relative weakness versus not just mega-caps, but the average S&P 500 stock.
- As Caleb notes, Bitcoin has been unable to establish a durable low at this support, and the longer a level is tested without a bounce, the greater the risk of a breakdown.
The Takeaway: Bitcoin is retesting key polarity, and a loss of this support would mark a notable deterioration in its relative trend.
Quote of the Day
βComplexity is the enemy
of execution."
- Anthony Robbins
Top Links
Is U.S. Stock Dominance Finally Slipping? - TrendLabs
JC Parets breaks down the structural case for continued international outperformance.
The Great (Small Cap) Broadening - Chart Kid Matt
Matt Cerminaro highlights the relative breakout in small caps alongside fading momentum from the Magnificent Seven.
Equity Flows and Implications for Money Market Funds - Strategas Asset Management
Todd Sohn examines equity ETF enthusiasm and what money market positioning may be implying.
RSI Signals Most Traders Misread β Overbought Levels & Divergences That Matter - StockChartsTV
David Keller clarifies the RSI signals that tend to mislead traders the most.