Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 1/21 The current market shows signs of bottoming out at a low level. Technical indicators indicate that the price is approaching the strong support level of 89,400, accompanied by a bullish engulfing pattern, suggesting the market may have the potential for a reversal and upward movement. However, the short-term moving average system shows weakening momentum, with the trend consolidating sideways, and trading volume is insufficient, making it more difficult to validate signals. This technical contradiction makes the short-term market direction unclear. Given that the market is in a bottoming phase, with the price approaching the strong resistance level of 90,120.44, and the short-term moving averages showing weakening momentum and sideways consolidation, adopting a strategy of shorting near resistance levels aligns with the current oscillating pattern. Therefore, subsequent trading suggestions focus on rebounds: for Bitcoin, consider shorting near 90,500-91,000 with targets around 89,000-88,500; for Ethereum, consider shorting near 3,000-3,030 with targets around 2,950-2,900.

BTC2,03%
ETH2,54%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)