Waves in the Cryptocurrency Sea: 1.26 Latest Market Analysis Reference for Bitcoin (BTC) and Ethereum (ETH)

Waves in the Cryptocurrency Sea: 1.26 Bitcoin (BTC) Market Analysis Reference:

Bitcoin retreated as expected last night, testing previous low points. After hitting the bottom, the price quickly made a slight technical rebound, showing initial support strength. However, the current trading volume is insufficient, and the rebound space is clearly limited. As of the time of writing, the price is running around 87800.

From the current daily chart, the price has fallen to the lower Bollinger Band area, with the BOLL indicator showing a downward divergence across all three lines. The KDJ indicator's three lines are in the weak zone below 50, indicating that bearish forces are still dominating the short-term rhythm. The MACD indicator continues to weaken below the zero axis, with the volume bars recently extending again, confirming the continuation of the medium-term adjustment. Although the RSI indicator has slightly risen, it remains below the weak line of 50, indicating insufficient bullish momentum. Overall, the current market is in a weak consolidation phase. If the price cannot quickly reclaim the middle Bollinger Band, it is likely to continue probing for support at previous low levels.

From the short-term hourly chart, on the 4-hour chart, after touching the low of 86000, the price experienced a slight rebound but is still suppressed by all EMA moving averages. The KDJ indicator has risen from the low, diverging upwards, and the MACD volume bars are gradually narrowing, potentially turning positive. The fast and slow lines are showing signs of a golden cross below the zero axis, indicating a weak initial signal of stabilization for bulls, but the pressure from the moving averages above still needs to be effectively broken to open further upward space. On the 1-hour chart, after probing the bottom, the price rebounded, with the MACD indicator continuing to expand. The KDJ indicator quickly rose to the overbought zone before retreating, limiting upward momentum, and the current price is encountering resistance near the upper Bollinger Band. Overall, the market is in a technical rebound phase after weak consolidation, and short-term fluctuations are expected to continue. If the price cannot break through the 4-hour moving average resistance and the 1-hour upper Bollinger Band resistance, it will face pressure to probe lower levels; if multi-timeframe indicators expand simultaneously and the price stabilizes at key resistance levels, a more sustained rebound may be triggered.

Waves in the Cryptocurrency Sea: 1.26 Bitcoin Short-term Reference:

Short Position: Short in the range of 89500-90500, stop loss at 500 points, target below 89000.

Long Position: Long in the range of 85500-86500, stop loss at 500 points, target above 87000.

Waves in the Cryptocurrency Sea: 1.26 Ethereum Short-term Reference:

Short Position: Short in the range of 2980-3030, stop loss at 30 points, target at 2950-2900.

Long Position: Long in the range of 2785-2835, stop loss at 30 points, target at 2900-2950.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Do not operate blindly.】

The content of this article is originally shared by Waves in the Cryptocurrency Sea and represents personal opinions. The article may have delays in sending and is for reference only; do not operate blindly! If you want to get more daily real-time trades, follow my public account! Here, you can engage in online technical learning and understand knowledge related to exiting positions. I have years of research experience in the market, focusing on the major trends in the cryptocurrency space. I mainly analyze and guide investment operations for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Welcome to study and research together.

I hope everyone on their investment journey can adhere to their principles, regardless of how the market changes. Stay rational and calm. Deeply understand the characteristics, risks, and return mechanisms of investment products, and do not let short-term market fluctuations sway your emotions. Be patient, avoid excessive greed and fear, and understand that wealth accumulation is a gradual process. Finally, I wish all my followers the ability to see opportunities in their investment journey, making every decision just right, sailing through the ocean of investments, and reaping wealth and growth!!!

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