1.20 Midday Bitcoin and Ethereum Trading Suggestions and Directions

From the current market situation, Bitcoin is oscillating narrowly within the 9.2-9.3 range, showing a short-term consolidation trend. The opening of the Bollinger Bands has slightly widened, with the middle and lower bands trending downward. Bitcoin is trading below the lower band, indicating a predominantly downward trend. Short- and medium-term moving averages are arranged in a bearish configuration and diverging downward, forming multiple resistance levels. Each rebound encounters resistance and falls back, with weak bullish momentum. The daily MACD indicator remains below the zero line, with DIF and DEA lines moving downward in sync. The green histogram bars are expanding, indicating that bearish momentum is still being released. There are no signs of volume contraction or trend reversal yet. The short-term downward trend shows no signs of reversing. Therefore, midday trading suggestions mainly focus on rebounds.
‌Bitcoin around 92,500 to 93,000 can be bought on dips, watch for 91,000.
Ethereum around 3,200 to 3,230 can be bought on dips, watch for 3,100.