1.16 Friday Morning BTC/ETH Market Update



Bitcoin's current high-level fluctuations are in line with normal rhythm, with a clear ascending flag pattern. As long as the pullback does not break the key support, the upward trend will not be interrupted. The daily EMA bullish trend remains solid, MACD continues to expand, and overall momentum for a rally is sufficient.

The four-hour chart shows a flag consolidation, although there are divergence signals at the top, the correction space is limited. In the short term, traders can take a small position to seize the pullback opportunity. For conservative operations, it is recommended to rely on support levels to buy on dips, waiting for the subsequent main rally. The current bullish pattern remains unchanged, and buying on dips is still the core strategy.

Trading Suggestions:
Bitcoin retrace to 94,600-96,500 range to buy, target 97,400
Ethereum retrace to 3,270-3,290 range to buy, target 3,430
BTC-0,9%
ETH-0,47%
SOL-1,33%
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IAmHaifengvip
· 6h ago
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Mr.LVvip
· 7h ago
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