1.17 Saturday Morning BTC/ETH Market Analysis and Strategy



Good morning, everyone. Here is today's early BTC/ETH market analysis:

From the four-hour timeframe, we are currently in a technical correction cycle. The candlesticks have multiple lower shadows, indicating strong buying support below. This retracement is a healthy technical adjustment. The starting point of the previous large bullish candlestick is a key defensive area for the bulls. As long as the price can stabilize above this level, the overall strong consolidation pattern will not change. The phased correction essentially accumulates momentum for subsequent upward attacks, and the market's strong structure has not undergone a fundamental change.

On the hourly level, overbought pressure has been gradually released, and the short-term oscillation pace has slowed down, but the upward trend remains clear. Therefore, the intraday trading strategy is to buy on dips.

Specific trading suggestions

- BTC (Bitcoin): Buy on dips around 94500-95000, with a target of 96500.
BTC-0,39%
ETH-0,66%
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