Bitcoin's early session surged then pulled back, gradually stabilizing with the price staying above 96,500 and testing repeatedly. In the evening, driven by US stock market volatility, the market experienced wide fluctuations, with buy orders supporting around 95,500, quickly pushing the price back up. The overall trend perfectly matches the early prediction—this characteristic of "support being held by buyers and a clear upward breakout" is very evident, and the bulls still hold the initiative.
From a technical perspective, on the four-hour chart, BTC has consecutively closed bullish candles and is now oscillating at high levels, which is a common technical adjustment during an upward move, so no need to overthink it. The upward framework remains intact, and the bullish pattern has not been broken; after the correction, there is still energy for further upward movement. On the hourly level, the movement is a oscillating rise, with the pullback well controlled and no effective breakdown, so the short-term outlook remains bullish.
Ethereum follows the broader market trend and remains structurally healthy. During the pullback, there was solid support at the bottom, laying a foundation for continued upward movement.
Trading Strategy Suggestions: BTC: Enter long in batches within the 95400-95800 range Target: 97500-98000 ETH: Enter long in batches within the 3250-3270 range Target: 3350-3380
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SandwichDetector
· 14h ago
This support has been held again, it's really interesting. As I said before, as long as the bulls don't let go, don't overthink it.
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GhostWalletSleuth
· 14h ago
The bullish pattern has not been broken, so we should continue to chase this wave.
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PumpDetector
· 14h ago
ngl the setup here screams accumulation phase... those buy walls at 95.5k aren't random, smart money knows what's coming. been reading the tape for years and this? this is textbook whale behavior before the next leg up 🔍
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GateUser-9ad11037
· 14h ago
It's the same old story, support is being tested and someone steps in. I just want to know when no one will step in anymore, haha.
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SchrodingerGas
· 14h ago
The 95500 defense line is indeed interesting; it almost didn't break, indicating that the main force is really holding the position.
#Strategy加仓BTC January 17 BTC / ETH Market Quick Overview
Bitcoin's early session surged then pulled back, gradually stabilizing with the price staying above 96,500 and testing repeatedly. In the evening, driven by US stock market volatility, the market experienced wide fluctuations, with buy orders supporting around 95,500, quickly pushing the price back up. The overall trend perfectly matches the early prediction—this characteristic of "support being held by buyers and a clear upward breakout" is very evident, and the bulls still hold the initiative.
From a technical perspective, on the four-hour chart, BTC has consecutively closed bullish candles and is now oscillating at high levels, which is a common technical adjustment during an upward move, so no need to overthink it. The upward framework remains intact, and the bullish pattern has not been broken; after the correction, there is still energy for further upward movement. On the hourly level, the movement is a oscillating rise, with the pullback well controlled and no effective breakdown, so the short-term outlook remains bullish.
Ethereum follows the broader market trend and remains structurally healthy. During the pullback, there was solid support at the bottom, laying a foundation for continued upward movement.
Trading Strategy Suggestions:
BTC: Enter long in batches within the 95400-95800 range
Target: 97500-98000
ETH: Enter long in batches within the 3250-3270 range
Target: 3350-3380