Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/22 The current market is in a range-bound consolidation, with technical indicators showing the price approaching a strong resistance level at 90628. Short-term momentum has slightly stabilized, but the overall trend remains weak. The Bollinger Bands are converging, and the price is near the middle band, further confirming a market consolidation pattern. The three consecutive bullish candlesticks indicate some signs of a bullish reversal, but the moving average system is still in a bearish alignment, with limited rebound strength and an unclear market direction. Given that the current market is in a range-bound state, with the price near the strong resistance level at 90628 and Bollinger Bands converging indicating normal market volatility, adopting a strategy of selling near resistance aligns with the characteristics of a consolidation market. Therefore, subsequent trading suggestions focus on rebounds: buying around 90500-91000 for Bitcoin with targets near 89000-88500, and buying around 3020-3050 for Ethereum with targets near 2950-2900.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2 Likes
Reward
2
1
Repost
Share
Comment
0/400
GateUser-2af1f29e
· 9h ago
Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/22 Currently, the market is in a range-bound oscillation. Technical indicators show that the price is approaching a strong resistance level at 90628. Short-term momentum has slightly stabilized, but the overall trend remains weak. The Bollinger Bands are converging, and the price is near the middle band, further confirming a market consolidation pattern. The three consecutive bullish candlesticks indicate some signs of a bullish reversal, but the moving average system is still in a bearish alignment, with limited rebound strength. The market direction remains unclear. Given that the current market is in a range-bound oscillation, with the price near the strong resistance at 90628 and Bollinger Bands converging indicating normal market volatility, adopting a strategy of selling near resistance aligns with the characteristics of a sideways market. Therefore, subsequent trading suggestions focus on rebounds: Bitcoin can be bought around 90500-91000, with targets near 89000-88500; Ethereum can be bought around 3020-3050, with targets near 2950-2900.#加密市场回调 #Crypto Market Watch #US-Europe Tariff Wave Impact on Market
Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/22 The current market is in a range-bound consolidation, with technical indicators showing the price approaching a strong resistance level at 90628. Short-term momentum has slightly stabilized, but the overall trend remains weak. The Bollinger Bands are converging, and the price is near the middle band, further confirming a market consolidation pattern. The three consecutive bullish candlesticks indicate some signs of a bullish reversal, but the moving average system is still in a bearish alignment, with limited rebound strength and an unclear market direction. Given that the current market is in a range-bound state, with the price near the strong resistance level at 90628 and Bollinger Bands converging indicating normal market volatility, adopting a strategy of selling near resistance aligns with the characteristics of a consolidation market. Therefore, subsequent trading suggestions focus on rebounds: buying around 90500-91000 for Bitcoin with targets near 89000-88500, and buying around 3020-3050 for Ethereum with targets near 2950-2900.