Mu Feng's Trend Watch: 1.22 Early Morning Bitcoin/Ethereum Trading Strategy

The retracement long setup from yesterday midday has already reached the target profit level smoothly. The evening market surged and then pulled back, currently showing a short-term sideways adjustment trend. On the daily chart, considering the previous large drop of the main chart K-line, there is now a significant gap with the five-day moving average. Meanwhile, the market price has fallen near the lower band of BOLL, and the lower band has not shown a clear opening, indicating strong short-term support. The gap created by the main chart also needs urgent repair. Therefore, in the early morning, we first look at a technical rebound and adjustment. Note that the rebound is only for technical correction; after the adjustment sentiment ends, the market will likely continue to decline southward with increased volume.

For trading, it is recommended to participate in long positions on pullbacks. After the rebound and correction are complete, consider shorting with the trend. Specific levels can be referenced as follows:

BTC: 87,500-87,000 long, target 89,000

ETH: Around 2,890-2,870 long, target 2,960

The above are personal early morning trading suggestions. Market conditions change rapidly, and the article may be somewhat lagging; please follow real-time guidance.