January 22nd, Thursday midday market overview



From the 4-hour K-line, two small bullish candles are connected, and the Bollinger Bands are converging. This signal usually indicates a potential short-term continuation of adjustment or accumulation. Looking at the 1-hour chart, the price is trading above the middle Bollinger Band, which acts as support, holding firm, while the upper band becomes a resistance point. During this period, the Bollinger Bands are opening upward, and the short-term upward trend is still clear.

The technical indicators have already broken through important moving average levels, with buying interest supporting the pullback, indicating that the bottom is still stable. The price is oscillating within the channel, and the support line below remains intact.

Specifically—
$BTC: Stabilized around 89,600, aiming for near 91,000
$ETH: Around 2,980 is the baseline, with a target near 3,100
$BNB also remains strong
BTC-0.65%
ETH-1.94%
BNB0.14%
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MetaLord420vip
· 14h ago
The Bollinger Bands are converging. It still feels like we should wait and see which direction the breakout takes, don't rush to jump in.
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NFTDreamervip
· 14h ago
The Bollinger Bands are converging. This move will either rally or drop; I think we still need to wait for a breakdown signal.
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NFT_Therapyvip
· 14h ago
Bollinger Bands are converging and opening up again. Is this move really gaining momentum, or is it just another false alarm?
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CryptoTarotReadervip
· 14h ago
Is Bollinger Band convergence just a buildup? I've seen this trick too many times, and in the end, it just results in sideways consolidation and frustration. Wait, is BTC really about to break 91,000? Why do I feel like I hear this every day... Just keep ETH steady at 2980, don't overthink it.
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SeeYouInFourYearsvip
· 14h ago
Bollinger Band convergence signals a big move, I know this rhythm well.
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EthMaximalistvip
· 14h ago
Bollinger Bands are converging again, building up momentum. Every time, they say a breakout is coming, but it still remains in consolidation. Really... Wait, has BTC stabilized at 89,600? Then I need to quickly buy the dip. 91,000 doesn't seem far off.
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