Wednesday, January 14 Market Observation



From the daily chart, Bitcoin has strongly broken above the upper Bollinger Band and stabilized above a key resistance level, with the bulls fully in control. The upward trend has been established on a larger timeframe, and technical indicators are all bullish—moving averages are nicely aligned, volume continues to support, and the upward momentum remains strong.

On the 4-hour chart, the trend becomes even clearer. Price has been soaring above the Bollinger Bands, the MACD golden cross is still ongoing, and the red histogram bars are steadily enlarging, indicating that buying pressure has not weakened. The RSI is moving upward but has not yet entered the overbought zone, leaving room for further gains. The bears are showing little resistance, with solid support below, and limited room for a pullback.

Technical outlook:
$BTC can look for long entries in the 94500-95000 range, with an eye on 97200
$ETH can attempt around 3280-3300, targeting 3450

Follow-up on $ZEC.
BTC4.33%
ETH7.13%
ZEC5.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)