Mufeng Looks at Trends: 1.21 Bitcoin/Ethereum Market Analysis and Trading Suggestions

The intraday market is currently showing a range-bound oscillation trend. The technical structure on the hourly chart has shown a bottom divergence, with the lower boundary continuously rising, aligning with this week's coin prices. Short-term rebound momentum is accumulating, and the intraday low has received buying support, indicating that there is some support below. It can be observed that after hitting the bottom, the bearish sentiment is now weakening. In the future, the short-term is expected to undergo a technical adjustment in the form of slight upward oscillation. In terms of trading, it is recommended to participate by going long on pullbacks, with specific levels as follows:

BTC: Buy at 89000-88200, target 90500

ETH: Buy near 2960-2930, target 3020

The above are personal intraday trading suggestions. The market is constantly changing, and the article may have some lag. Specific operations should be based on real-time guidance.

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