The previous short-term strategy for Bitcoin was around 88500, a precise entry point, but the potential profit was limited, currently only around 1500 dollars. Looking at the daily chart, the previous candlestick was resisted again near the 60-day moving average, closing as a doji. Intraday trading opened below this level and has been oscillating. The Bollinger Bands remain flat, short-term moving averages are turning downwards, the MACD fast and slow lines are crossing downwards with increasing volume, the KDJ is finding support and turning upwards, and the VR indicator is consolidating around 100. On the 4-hour chart, the price is oscillating within a range, currently facing resistance near the middle Bollinger Band. The Bollinger Bands are narrowing downwards, short-term moving averages are flat, the MACD fast and slow lines are crossing upwards with decreasing volume, the KDJ is encountering resistance and turning downwards, and the VR indicator is consolidating around 60. Overall, the market continues its consolidation structure. In the short term, treat it as a range-bound market. Continue to watch for resistance below 92000, and support above the lower Bollinger Band. The overall short-term outlook remains unchanged, and the strategy remains the same. See short-term suggestions. Bitcoin short-term trading suggestions: Buy at 88500, sell at 91600 (take profits as needed after strategy activation). The support level given for Ethereum above is also correct, but the fluctuation range is very small. Technically, we still need to refer to Bitcoin. Continue to watch the short-term support around 2900, and the resistance around 3100. If these levels break, we will adjust the short-term strategy accordingly. See short-term suggestions. Ethereum short-term suggestions: Sell at 3060, buy at 2930 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
Yueying: Bitcoin and Ethereum Market Analysis (January 23rd) - Bitcoin Long Positions Accurately Executed, Short-Term Range-Bound Trading Awaiting Breakout
2026-01-23 08:19:51
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