Mu Feng's Trend Watch: 1.14 Evening Bitcoin/Ethereum Trading Suggestions

In the early hours, the bulls suddenly attacked the market, with the high point once again reaching near the monthly MA5 and daily moving averages. On the daily chart, KDJ, MACD, and BOLL indicators showed a resonant upward trend today. The main chart's MA lines also resonated and turned upward at different amplitudes. However, after the 8 AM update and closing, today's K line created a significant gap with the 5-day moving average. The main reason was that the upward movement before 8 AM was too strong, and the moving averages did not keep pace with the price increase, resulting in the gap. The 12-hour and daily charts are quite similar in overall trend, but the main issue is the gap, which affects the volume connection after the bullish momentum. Personally, I expect a slight pullback in the short term. Note that the current pullback may not be very strong; if the pullback cannot break below the support, the price will continue to rise with increased volume. In summary, for tonight's short-term trading, it is recommended to adopt a rebound shorting strategy. Specific levels can be referenced as follows:

Bitcoin: 95,500-96,000 short, target 93,500

Ethereum: around 3,340-3,370 short, target 3,240

The above are my personal evening trading suggestions, for your reference only#GateTradFi上线