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Wednesday evening market review on January 14th:
Looking at the daily chart, this wave of market movement shows a very solid bullish pattern. The moving averages are well aligned, and indicators are signaling strong bullish momentum, with no significant pullbacks so far. This upward channel still has room to go higher.
Switching to the 4-hour chart, the rhythm shifts to oscillation between upward and downward movements. Bulls and bears are tugging back and forth here, but the fluctuations are not large, and there are no clear reversal signs. Overall, the trend remains a sideways upward movement.
Therefore, the trading strategy is very clear—stick to low-buying. Any pullback is a good opportunity to enter. The current position is in a high-level consolidation, and the candlestick patterns still indicate a bullish trend. Continue to position around support levels and buy on dips. Let’s see if it can surge in the afternoon.
BTC entry reference: 94,500-94,000, target: 95,600-96,400
ETH entry reference: 3,270-3,250, target: 3,320-3,350
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