1.21 Afternoon Bitcoin and Ethereum Trading Suggestions and Directions

From the current market situation, the 4-hour timeframe shows that after the rebound near the previous low of around 87,780, the bullish investment temporarily pushed the price to around 90,000 but failed to stabilize. The price then retraced and is now oscillating around 89,500, with the three moving averages continuing to decline. In the short term, the market is still dominated by bearish sentiment. Technical momentum indicators show a slight upward trend. Future movements should focus on whether resistance levels can be effectively broken. On the 1-hour timeframe, the price broke above the middle band of the Bollinger Bands but faced resistance and retraced, and it has been operating below the middle band throughout. There is a short-term need for technical correction. Coupled with the relatively small fluctuations during the recent white session, the afternoon trading strategy should continue with the midday approach.
If Bitcoin retraces to above the 90,000 level, consider going long; otherwise, if it breaks below 89,000, continue to focus on short positions. #比特币 #以太坊