Hai Ocean Waves: 1.23 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights Today

Hai Ocean Waves: 1.23 Bitcoin (BTC) Market Analysis Reference:
Bitcoin's intraday price has experienced a slight correction, but overall it remains in a consolidation phase. The price has yet to effectively break above the 90,000 level. As of the time of writing, the price hovers around the 89,000 mark.
From the daily chart perspective, Bitcoin previously showed a long bearish candle, with two consecutive days testing support with lower shadows. The upper Bollinger Band has slightly risen, while the middle and lower bands have weakened and moved downward, indicating that the medium-term consolidation pattern remains unchanged. The KDJ indicator's three lines are diverging downward and are at low levels, showing no signs of a reversal, which suggests medium-term bearish momentum. The MACD has formed a death cross and continues downward, with increasing volume bars, indicating that the bears still dominate the market. Overall, the medium-term trend continues to be weak and oscillating. If the price stabilizes above the lower Bollinger Band support and the indicators show bullish divergence, a rebound may be triggered.
From the short-term hourly chart perspective, on the 4-hour chart, the Bollinger Bands are narrowing downward. After a brief dip below the lower band support, the price rebounded but remained under pressure below the middle band. The moving averages are in a bearish alignment, with EMA15 and EMA20 continuously suppressing the price. The KDJ indicator is diverging downward, and although the MACD has turned positive, both lines are still below the zero axis, indicating continued medium-term weakness. On the 1-hour chart, the Bollinger Bands are in a sideways consolidation pattern, with the price fluctuating slightly within the middle and lower bands. The KDJ lines are diverging downward, with the J line slightly turning upward at low levels. The MACD lines repeatedly stay below zero, with volume bars shifting from positive to negative, indicating short-term bearish momentum. Combining these signals, the short-term market is in a weak consolidation phase with limited rebound potential. A break below key support could lead to further decline to previous lows. Only when multiple timeframes show bullish signals and break through moving average resistance can a phase of rebound be expected.
Hai Ocean Waves: 1.23 Bitcoin Short-term Reference:
Short positions: Short in the 90500-91500 range, add protection at 92500, target below 90000.
Long positions: Long in the 87500-88500 range, stop loss 500 points, target above 89000.
Hai Ocean Waves: 1.23 Ethereum Short-term Reference:
Short positions: Short in the 2980-3030 range, stop loss 30 points, target 2950-2900.
Long positions: Long in the 2860-2910 range, stop loss 30 points, target 2960-3000.
This content is originally shared by 【Hai Ocean Waves】 and only reflects personal opinions. There may be delays in article delivery. For reference only. Do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Deeply understand the characteristics, risks, and reward mechanisms of investment products, and avoid being swayed by short-term market volatility. Wishing fans and friends to have keen insight, seize opportunities, make precise decisions, and sail through the ocean of investment to harvest wealth and growth!!!)#BTC