Analyst Chen Shu: On January 18, Bitcoin and Ethereum prices are consolidating, waiting for a decision between bulls and bears. Short-term focus on the strength of pullbacks.

From the daily chart, Bitcoin has seen several days of slight pullbacks, currently paying attention to the pressure level above the price at the MA120 daily moving average around 9.96, while the support level is around 9.35. The recent fluctuation range is narrowing, so it should be viewed as a consolidation. However, looking at both bulls and bears, on the hourly level, it is currently running to the convergence point of the moving averages at around 9.53. The support below can be observed at the MA256 daily moving average around 9.3, and we can first look at the pullback situation at the 9.3 support level.

From the daily chart, Ethereum's short-term pressure levels are still focused on the MA256 daily moving average around 3400 and the MA120 daily moving average around 3460. If it touches this level again, it can still be shorted to look for a pullback. The support level to watch is the situation around 3300; if it breaks down, it can look down to the MA256 daily moving average around 3200 on the hourly level.

Midday trading strategy (written at 15:00):

BTC: Short at 9.53, add to short at 9.65 on a rebound, target 9.36/9.3; look for a 1-2000 point rebound at 9.35/9.25.

ETH: Short at 3320/3380, looking for 3270/3230; long at 3230/3200, looking for a 6-100 point rebound.

The daily analysis strategy has a very high win rate! Analysis is not easy, and I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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