January 12th, Monday Morning Market Overview: Bitcoin and Ethereum Technical Analysis



From the candlestick chart, the KDJ lines are stuck below 50, and the J line is starting to turn downward, indicating that the momentum of this rally is waning; the MACD green bars are shrinking and about to turn red, suggesting that the bearish pressure is easing slightly, but trading volume has not yet shown a significant increase. Currently, the market is oscillating and gradually building a base, and after consolidation, a rebound is expected.

Morning trading strategy: Identify key support levels for positioning; the main approach is to buy on dips and remain bullish.

Specific directions:
• Bitcoin ($BTC): Consider going long in the 90000-90600 range, with a target of 92900
• Ethereum ($ETH): Go long in the 3080-3100 range, with a target of 3240
ETH-0.75%
BTC-2.61%
ZEC1.14%
View Original
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
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned