Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/4

Recently, market sentiment has been quietly beating within the quiet of the white trading session. Each long bearish candle followed by reduced volume stabilization, and each surge in volume after oscillation, are silent indicators of trend support after intense tug-of-war. Hello everyone, I’ve been a bit busy these days and didn’t update in time, sorry about that. Things will return to normal later. First, let’s review last night’s market sentiment. Last night, Bitcoin remained in a sideways upward trend after opening, stretching from around 89,800 to 91,590 in the morning, then facing resistance. It has since slightly retreated to around 91,300, fluctuating up and down. Overall, it still appears to be in a predominantly upward phase.
Looking at the current chart, on the 4-hour timeframe, the market shows a trend of five consecutive bullish days with oscillating upward movement. After a brief stretch above the upper band, it faced resistance and pulled back. The three moving averages continue to rise, indicating a significant short-term bullish momentum. On the 1-hour timeframe, the price is oscillating around the middle band, showing a short-term pattern of rising then falling. The upper band exerts significant resistance, while the lower band provides short-term support. Both KDJ and RSI indicators are in overbought zones, suggesting a higher risk of short-term correction. The MACD fast and slow lines remain in a golden cross, but the MACD histogram narrows, indicating weakening bullish momentum. Bitcoin and Ethereum are moving in sync, with high correlation. Therefore, the midday trading strategy mainly focuses on shorting at high levels.
Bitcoin around 91,500-92,000 can be shorted, with targets around 90,000-89,000. Ethereum around 3,150-3,170 can be shorted, with targets around 3,080-3,030. #加密市场开年反弹 #ETH走势分析 #BTC行情分析