Hai Zhou Lang: 1.28 Cryptocurrency Market Bitcoin (BTC), Ethereum(ETH) Latest Market Analysis and Insights

Hai Zhou Lang: 1.28 Bitcoin (BTC) Market Analysis Reference:
Bitcoin has recently rebounded, with intraday trading continuing to oscillate upward. Although there are some pullbacks during the session, the overall bullish pattern remains intact. Currently, the price is around 89,500. From the daily chart perspective, Bitcoin's daily candlesticks have been closing with positive momentum, and the current price is below the middle band of the Bollinger Bands. The KDJ indicator's three lines are in the low region, with the J line turning upward to form a golden cross at a low level, signaling a short-term rebound after overselling. The MACD remains below the zero line, but the histogram is shrinking, and the DIF line is slightly turning upward, indicating that medium-term bearish momentum is weakening, but a trend reversal has not yet been confirmed. The RSI has risen from low levels to around 45, showing that buying strength is gradually accumulating. Overall, BTC is in a correction phase after a previous high point, with a short-term technical rebound likely. Resistance above includes the middle band of the Bollinger Bands around 91,300. If this level is broken effectively, further upward movement is possible.
From the short-term hourly chart perspective, on the 4-hour chart, after dipping to a low of 86,000, the price has gradually stabilized and rebounded. It is currently above the short-term EMA, with EMA15 and EMA30 forming a bullish crossover, indicating increased short-term bullish strength. The J line in the KDJ indicator has reached overbought territory, with K and D lines rising together, showing strong short-term rebound momentum, though a pullback may still occur. The MACD continues to expand, with DIF and DEA diverging upward toward the zero line, indicating ongoing short-term bullish momentum. Combining with the 1-hour chart, Bollinger Bands are moving upward, with the price above the middle band, and the upper band acting as short-term resistance. The three lines of the KDJ indicator are rising together, indicating strong short-term rebound momentum, but also facing overbought correction pressure. The MACD histogram is gradually expanding, with a bullish crossover emerging, suggesting that bullish momentum has not yet dissipated, only weakened in strength. Overall, short-term bullish momentum is dominant. If the price can break above the upper Bollinger Band with volume, the short-term bullish trend will be further reinforced, and the rebound may continue. Attention should be paid to resistance levels above, and it is recommended to buy on dips at lower levels.
Hai Zhou Lang: 1.28 Short-term Bitcoin Reference:
Short position: 91,000-92,000 range, stop loss 500 points, target below 90,000,
Long position: 87,500-88,500 range, stop loss 500 points, target above 89,000,
Hai Zhou Lang: 1.28 Short-term Ethereum Reference:
Short position: 3,100-3,150 range, stop loss 30 points, target 3,050-3,000,
Long position: 2,935-2,965 range, stop loss 30 points, target 3,000-3,100,
This content is originally shared by 【Hai Zhou Lang】, representing personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Deeply understand the characteristics, risks, and profit mechanisms of investment products, and avoid being swayed by short-term market volatility. Wishing fans and friends to have keen insight in their investment journey, seize opportunities, make precise decisions, and navigate the ocean of investment with confidence, harvesting wealth and growth!!!#BTC #ETH