Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 1.29

Yesterday's pullback strategy successfully reached around 90500 and 3045. Congratulations to those who followed the strategy. Bitcoin's current daily chart shows a continuous downward trend with consecutive bearish candles after a pullback from its highs. On the 4-hour chart, both the DIF and DEA are below the zero line, and the MACD histogram has turned from green to red, indicating that the bulls are in control. The price is currently trading below the EMA7 and EMA30, and far from the EMA120. Short-term and medium-to-long-term moving averages are providing resistance. Furthermore, the decline was accompanied by increased volume, while the rebound lacked sufficient volume, indicating strong selling pressure and insufficient bullish confidence. Intraday, we suggest entering positions on rebounds at higher levels, such as around 88800-89300 for Bitcoin, with a target around 87500; and around 2980-3020 for Ethereum, with a target around 2900. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.