Xiaoyao KOL: Bitcoin and Ethereum Midday Market Analysis 1.23

Bitcoin's daily chart shows a recent price action of initial sharp drop followed by stabilization. On the 4-hour chart, the price has repeatedly tested support and rebounded, remaining in a range-bound state in the short term. Both the DIF and DEA are negative, and the MACD histogram has turned from green to red but with weak momentum, indicating weakening upward pressure and a potential consolidation phase. The EMA7 and EMA30 are far apart, and the price is trading above the EMA7, suggesting some short-term support. Consider entering long positions around 88800-89300 for Bitcoin, with a target around 90500. For Ethereum, consider entering long positions around 2910-2940, with a target around 3020. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.