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Market Analysis for January 23
Four-Hour Level
$BTC : After a continuous decline testing the support level, the price entered a narrow range consolidation at low levels, showing a phased buildup; Bollinger Bands are narrowing, indicating balanced short-term bullish and bearish momentum. The consolidation phase will soon lead to a directional breakout.
$ETH : Simultaneous oscillation with narrowing Bollinger Bands, price hovering around key support levels, bearish momentum gradually weakening. Overall, following BTC for a breakout, with long shadows indicating intense bullish and bearish battles, bearish forces significantly diminishing; MACD fast and slow lines converging at low levels, KDJ approaching a golden cross, signaling an imminent upward reversal.
Today's Trading Strategy
$BTC
Entry Point: Buy in batches within the 88000-88500 range
Stop Loss: 87500 (exit if broken downward)
Target Price: First target 91000, hold if broken for a further rise to 93500
$ETH
Entry Point: Buy in batches within the 2930-2980 range
Stop Loss: 2870 (exit if broken downward)
Target Price: First target 3100, hold if broken for a further rise to 3150