1.23 Midday Bitcoin and Ethereum Trading Suggestions and Directions

From the current market view, the 4-hour chart shows that the market is alternating between bullish and bearish movements, with short-term tug-of-war forces in balance, maintaining a range-bound trend. The Bollinger Bands are converging, indicating that the short-term will continue to consolidate within this range. This aligns with the recent overall market volatility being relatively stable during the white trading sessions. From the 1-hour chart perspective, Bitcoin has recently been fluctuating within the 88,800 to 90,200 range, showing a pattern of short-term upward attempts followed by pullbacks and range-bound consolidation. The MACD indicator's DIF and DEA are close, with negative histogram bars, indicating weakening momentum. The short-term trend is likely to continue consolidating within this range. Therefore, the midday trading strategy should mainly focus on range-bound trading, buying low and selling high.
Around 89,800 to 90,300 for Bitcoin, consider shorting, watch for a break and stabilization above 88,500 (if it breaks and stabilizes above 90,300, go long accordingly).
Around 2,960 to 3,000 for Ethereum, consider shorting, watch for a break and stabilization above 2,850. If it breaks and stabilizes above 3,000, go long accordingly.