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January 27th, Bitcoin and Ethereum, Silk Road
Bitcoin and Ethereum reached their target levels and then pulled back. Everyone stay calm! The recent low point early yesterday morning was basically the bottom of this cycle. Currently, it's just normal oscillation and consolidation, which is perfect for us to buy low and sell high to trade swings.
From a technical perspective, after this correction, the relative price still moved upward along the middle band of the Bollinger Bands, and the overall upward trend remains unchanged; moreover, the four-hour MACD has already crossed bullish, and the green bars are still expanding. We can buy on dips at low levels.
Specific trading suggestions:
Bitcoin can be bought in the 86,500-87,500 range, targeting 89,000-90,000;
Ethereum can be bought around 2,850-2,900, targeting 2,980-3,060.
$BTC $ETH