1.15 Midday Bitcoin and Ethereum Trading Suggestions and Directions

The market at dawn is always full of surprises. Friends who stay up late have probably caught the pulse of this wave of行情. Looking back at the early morning market, Bitcoin continued its rebound and extension rhythm, strongly breaking through the short-term high of 97,000, reaching a high of 97,900, then facing resistance and falling back to around 96,300, fluctuating up and down. The hourly range exceeded 2,000 points. Ethereum also surged to around 3,400, briefly breaking through and then falling back to around 3,320, fluctuating up and down. Overall, it shows a pattern of rising and then pulling back, maintaining a high correlation with Bitcoin.
From the current market situation, the daily chart shows that after a three-day consecutive rally near the previous high, there is a slowdown and correction. Currently, Ethereum is oscillating around the upper band of the Bollinger Bands. Although some investors have taken the opportunity to enter, no effective breakdown has occurred. It remains along the upper edge of the upward channel. This pullback can be seen as a healthy correction of the previous gains. The bullish market sentiment has not reversed. The four-hour chart shows that after pulling back below the upper Bollinger Band, Ethereum shows signs of stabilization. The MACD green bars are gradually narrowing, the KDJ lines are converging, and the Bollinger Bands are maintaining an upward divergence, indicating that the short-term adjustment may be nearing its end. After completing the correction and consolidating, Ethereum is expected to continue its upward trend. Therefore, midday trading suggestions focus on buying on dips.
Bitcoin around 96,300-95,800, watch for 98,000.
Ethereum around 3,310-3,270, watch for 3,400.