On the daily chart, the MACD and Bollinger Bands showed a bearish convergence today, with trading volume continuing to increase. On the main chart, the 10-day moving average (MA10) accelerated its decline, the 30-day moving average (MA30) oscillated slightly downwards from its high, and the 5-day moving average (MA5) showed weakening upward momentum. Overall, last night's rebound touched the key resistance area again but failed to break through effectively, indicating strong selling pressure. On the 12-hour chart, the KDJ continues its downward movement; although the band is narrowing, the overall downward momentum is accelerating. The MACD and KDJ indicators show short-term bullish resistance, suggesting that short-term bullish sentiment is significantly weaker than yesterday. Therefore, our intraday strategy remains to expect a downward consolidation after a failed attempt to break through resistance. Specific entry points are as follows: BTC: Short at 88000-88500, target 86000; ETH: Short near 2950-2970, target 2870. These are personal intraday trading suggestions. Market conditions change rapidly, and this article has a certain lag; please refer to real-time guidance for specific operations.
Bitcoin/Ethereum Market Analysis and Trading Suggestions (January 29th)
2026-01-29 10:10:35
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