Haihai Chasing Waves: 1.16 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Haihai Chasing Waves: 1.16 Bitcoin (BTC) Market Analysis Reference:
Bitcoin price is under pressure to decline, experiencing a technical correction. The intraday white market is oscillating narrowly around the 95,500 level.
From the current daily chart, Bitcoin price slightly retraced after reaching the recent high of 97,900. It is currently trading below the upper Bollinger Band, which is expanding upward, indicating potential room for upward movement but with a short-term pullback needed; the moving average system remains bullish, with EMA15 (92,700) and EMA7 (94,200) supporting the price, indicating a medium to long-term bullish trend. The KDJ indicator is currently in the high zone, with the J line approaching the overbought area, suggesting a possible downward correction later; the MACD indicator shows the DIF line above the DEA line, with the histogram remaining positive but slightly shrinking, indicating weakening bullish momentum; the RSI has not entered the overbought zone and still has some upward potential. Overall, the short-term market may face a technical correction, with support levels around 94,000-95,000. If the price can hold above key support after the correction, the subsequent trend is likely to continue oscillating upward, potentially challenging the 98,000 level again.
On the 4-hour and 1-hour short-term timeframes, the price is in a consolidation phase after a high-level pullback: in the 4-hour chart, the current price is near the middle Bollinger Band, with the Bollinger Bands showing signs of narrowing, indicating short-term volatility may converge; the KDJ indicator has fallen from the high, with the J line entering the negative zone, suggesting a potential oversold rebound, but no clear reversal signal yet; the MACD shows a death cross with increasing volume, indicating short-term bearish momentum is releasing, with EMA20 (95,000) serving as the current key support.
In the 1-hour chart, the Bollinger Bands are narrowing downward, with the price below the EMA short-term moving averages. The KDJ indicator's J line has fallen into a neutral to low zone, indicating a technical rebound may be needed; the MACD remains negative, with DIF and DEA close to the zero line, with a death cross emerging. Overall, the short-term correction is a retracement within the daily bullish trend. If the 4-hour EMA20 and the lower band at )94800( support hold, the price is expected to stabilize and rebound, possibly retesting previous highs. If support is broken, the price may further decline to previous lows. Therefore, the suggested strategy is to short on rebounds and buy on dips after breaking support.
Haihai Chasing Waves: 1.16 Short-term Bitcoin Reference:
Long position: Buy in the 93,500-94,500 range, with a stop at 92,500, target 95,500-96,500.
Short position: Short in the 97,000-98,000 range, with a 500-point stop-loss, target 96,500-95,500.
Haihai Chasing Waves: 1.16 Ethereum Short-term Reference:
Short position: Short in the 3,375-3,425 range, with a 30-point stop-loss, target 3,350-3,300.
Long position: Buy in the 3,180-3,230 range, with a 30-point stop-loss, target 3,350-3,400.
This content is originally shared by 【Haihai Chasing Waves】, representing personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Deeply understand the characteristics, risks, and reward mechanisms of investment products, and avoid being swayed by short-term market volatility. Wishing fans and friends to have keen insight, seize opportunities, make precise decisions, and navigate the ocean of investment to harvest wealth and growth!!!)#BTC