Bitcoin and Ethereum Afternoon Trading Recommendations and Future Trend Analysis: 1/19

Afternoon Trading Suggestions and Future Trend Analysis for Big Cake (1/19): Looking at the current market, the daily chart shows a sharp decline to below the middle Bollinger Band, with the Bollinger Bands converging. Moving averages and technical indicators all point to weakness. The 4-hour chart shows two consecutive bearish candles, indicating a continued downward trend. This morning, the price dipped from around 95490 to around 91800 before finding support, resulting in a significant 3000-point move and strong upward momentum. We also captured a considerable amount of profit. Currently, the middle and lower Bollinger Bands continue to decline, suggesting continued downward dominance in the short term. On the 1-hour chart, the price quickly broke below the lower band this morning, indicating an oversold condition. The KDJ indicator shows a low-level divergence, and the RSI is in oversold territory, suggesting that the short-term correction may be nearing its end, with a potential technical rebound. The MACD indicator shows that both the DIF and DEA lines remain negative, while the red bars are expanding, indicating that the upward momentum still dominates. Therefore, subsequent trading should focus on buying on dips. For Bitcoin, consider buying around 93000-93500, with a target of around 91000. For Bitcoin, consider buying around 3220-3250, with a target of around 3100.