Bitcoin's daily chart has as expected made a second attempt to break above the previous high of 94,500 and has currently stabilized around 95,000. The previous box top has completed a bottom reversal and now serves as the main support. Resistance faces in the 95,500-96,500 range; once this barrier is effectively broken, the 100,000 level is within reach. Ethereum has also shown the expected upward trend, currently touching the top of the box near 3,320, but has not yet achieved a confirmed breakout. In the short term, focus on support levels at 3,250-3,280; 3,320 is a resistance level. If it falls below, look towards 3,400.
On the 4-hour chart, Bitcoin's breakout signals are quite clear, with a strong trend continuation; Ethereum, although also showing signs of upward movement, still faces resistance at the previous high of 3,400, which warrants caution. The upcoming strategy is to follow these support levels to go long.
Specific ranges for reference: Consider entering long positions on Bitcoin around 94,700-94,200, targeting 95,800-96,800; for Ethereum, enter around 3,290-3,260, with targets at 3,340-3,370.
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HashBandit
· 14h ago
honestly the 95500-96500 squeeze is giving me flashbacks to my mining days when we'd see these false breakouts eat everyone's leverage... bth if btc can't hold 95k this time the gas fees on liquidations gonna be insane lol. eth at 3320 still looks like it's fighting the scalability trilemma of price action tbh
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DeFiVeteran
· 14h ago
Trying to trick me into bottom-fishing again? Last time I trusted you, I lost a lot.
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TheShibaWhisperer
· 14h ago
It's the same old story again, the 100,000 mark is just around the corner? How many times have I heard that before?
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SelfCustodyBro
· 14h ago
Going for another 100,000? Can it really break through this time, or is it just going to keep pulling back and forth here?
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TrustlessMaximalist
· 15h ago
99999 is almost here, right? Can this wave break a million? Feels a bit uncertain.
Market review for Wednesday evening, January 14:
Bitcoin's daily chart has as expected made a second attempt to break above the previous high of 94,500 and has currently stabilized around 95,000. The previous box top has completed a bottom reversal and now serves as the main support. Resistance faces in the 95,500-96,500 range; once this barrier is effectively broken, the 100,000 level is within reach. Ethereum has also shown the expected upward trend, currently touching the top of the box near 3,320, but has not yet achieved a confirmed breakout. In the short term, focus on support levels at 3,250-3,280; 3,320 is a resistance level. If it falls below, look towards 3,400.
On the 4-hour chart, Bitcoin's breakout signals are quite clear, with a strong trend continuation; Ethereum, although also showing signs of upward movement, still faces resistance at the previous high of 3,400, which warrants caution. The upcoming strategy is to follow these support levels to go long.
Specific ranges for reference: Consider entering long positions on Bitcoin around 94,700-94,200, targeting 95,800-96,800; for Ethereum, enter around 3,290-3,260, with targets at 3,340-3,370.