1.22 Morning Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market situation, Bitcoin briefly touched the 90,000 level in the early hours but did not stabilize, and once again declined to refresh the short-term low at around 87,200 to halt the decline. The current market shows a V-shaped reversal. On the 4-hour chart, the Bollinger Bands are converging, with the three bands continuing to decline. The MACD is operating below the zero line with the two lines converging, and there are signs of decreasing red momentum. On the 1-hour chart, Bitcoin has rebounded from a low back to the 90,000 level, trading below the upper band. The middle and upper bands show an upward trend. After a strong dip in the early hours, a consecutive bullish rebound and correction occurred, but short-term resistance at the upper band still exists, causing the rebound to stall at the key level. From a technical perspective, the KDJ indicator shows a golden cross between the K and D lines, but the J value has entered the overbought zone, indicating a short-term pullback is needed. The MACD remains low, but the histogram has shifted from negative to positive, weakening the bearish momentum. In the short term, it is gradually stabilizing above the key level. The altcoin market is moving in tandem with Bitcoin, and overall, a rebound and stretching trend is beginning to emerge. Therefore, Zhao Laojiao’s early morning trading advice is to focus on buying on dips.
Buy near 90,000 to 89,500 for Bitcoin, watch for 91,500
Buy near 3030 to 3000 for Ethereum, watch for 3100