Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/21 The current market shows signs of bottoming out at a low level. Technical indicators indicate that the price is approaching the strong support level of 89,400, accompanied by a bullish engulfing pattern, suggesting the market may have the potential for a reversal and upward movement. However, the short-term moving average system shows weakening momentum, with the trend consolidating sideways, and trading volume is insufficient, making it more difficult to validate signals. This technical contradiction makes the short-term market direction unclear. Given that the market is in a bottoming phase, with the price approaching the strong resistance level of 90,120.44, and the short-term moving averages showing weakening momentum and sideways consolidation, adopting a strategy of shorting near resistance levels aligns with the current oscillating pattern. Therefore, subsequent trading suggestions focus on rebounds: for Bitcoin, consider shorting near 90,500-91,000 with targets around 89,000-88,500; for Ethereum, consider shorting near 3,000-3,030 with targets around 2,950-2,900.
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Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/21 The current market shows signs of bottoming out at a low level. Technical indicators indicate that the price is approaching the strong support level of 89,400, accompanied by a bullish engulfing pattern, suggesting the market may have the potential for a reversal and upward movement. However, the short-term moving average system shows weakening momentum, with the trend consolidating sideways, and trading volume is insufficient, making it more difficult to validate signals. This technical contradiction makes the short-term market direction unclear. Given that the market is in a bottoming phase, with the price approaching the strong resistance level of 90,120.44, and the short-term moving averages showing weakening momentum and sideways consolidation, adopting a strategy of shorting near resistance levels aligns with the current oscillating pattern. Therefore, subsequent trading suggestions focus on rebounds: for Bitcoin, consider shorting near 90,500-91,000 with targets around 89,000-88,500; for Ethereum, consider shorting near 3,000-3,030 with targets around 2,950-2,900.