2026-01-16 01:27:54

January 16 Morning BTC ETH Spot Trading Strategy

In the early hours, the bulls and bears fought fiercely. BTC struggled to advance, faced pressure and pulled back, then dipped to 95,000 to find support and quickly rebounded.
After the US stock market closed, funds entered cautiously. The market volume decreased and moved sideways, mainly consolidating with short-term volatility building up.

In the 4-hour chart, it surged to 98,000 but was met with resistance. A bearish engulfing pattern followed by a correction relieved pressure, and MACD bullish momentum weakened.
The price stabilized above the middle Bollinger Band, indicating that the bullish trend remains intact. The correction presents a low-entry opportunity.
The hourly chart shows a long lower shadow at the bottom, with effective support. During the daytime, focus on long positions based on support for a rebound.

BTC
Direction: Long
Level: Around 95,300
Target: 96,800

ETH
Direction: Long
Level: Around 3,280
Target: 3,400#GateTradFi使用体验

BTC-1,58%

ETH-1,8%

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