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1.14 Evening Bitcoin and Ethereum Trading Suggestions and Directions
Those who persevere through thorns will reach smooth paths, and those who hold onto clarity will remain in bright light. This afternoon, continue to hold Kongdan; now it is safely landing. In the afternoon, around 95,500 for Bitcoin, consider entering long positions; around 3,360 for Ethereum, consider entering long positions. If it pulls back to around 94,700/3,280, consider exiting. Bitcoin has gained over 850 points again, and Ethereum has gained over 77 points simultaneously. Old Zhao is accompanied by numbers every day, providing beneficial insights for followers amid chaotic market conditions.
From the current market situation, the four-hour timeframe has entered a correction and adjustment phase. The Bollinger Bands are continuously expanding, and volume has not yet confirmed a clear signal. The market has not provided a definitive directional guide. On the one-hour chart, candlesticks show a typical bearish dominance pattern, with Bollinger Bands gradually narrowing. During the tug-of-war, Ethereum shows slight strength after an early rally and subsequent pullback, which is a normal correction after a breakout. Multiple attempts to break through again have not been successful, so a pullback is inevitable. Therefore, tonight's trading strategy should continue with the afternoon approach, focusing on rebounds.
Bitcoin around 95,000 to 95,500 can be longed; watch 94,000.
Ethereum around 3,290 to 3,320 can be longed; watch 3,230.