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Thursday, 1.22, Midday Bitcoin / Ethereum Market Update
On the hourly chart, Bitcoin dipped to 87,200 before quickly rebounding, and Ethereum also broke above the 3,000 level. The confrontation remains intense. Technically, the EMA weekly line has crossed below the monthly line, easing the downward trend. The KDJ indicator is also showing an upward trend, indicating that a rally may be imminent.
Personal suggestions:
Bitcoin can consider moving north around 88,000-89,000, with targets of 91,000-92,000.
Ethereum can consider moving north around 2,930-2,970, with targets of 3,050-3,100.