January 22nd, Thursday Bitcoin and Ethereum Afternoon Market Analysis



From the four-hour timeframe, two small bullish candles are rising sequentially, and the Bollinger Bands are contracting, indicating that short-term consolidation may continue; switching to the one-hour cycle, the price is trading above the middle band, with medium-term support quite strong. The upper band shows clear resistance, and the entire Bollinger Band is opening upward, making the short-term upward trend quite clear.

From a technical perspective, key moving averages have already been broken, and each pullback is met with buying interest. The structure looks good, oscillating within the channel, with the bottom support intact and unbroken.

Price outlook:
Bitcoin is in the 89,600 range, with attention on the 91,000 level above.
Ethereum is trading around 2,980, with a top near 3,100.
BTC-3.68%
ETH-0.62%
BNB-1.95%
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