Waves in the Cryptocurrency Sea: 1.22 Bitcoin (BTC) Market Analysis Reference:

In the early hours of yesterday, Bitcoin tested the lower support as expected. After hitting a low of 87200, the price rebounded from this support level, and as of the time of writing, the coin price is running near the 90000 mark.

From the daily chart perspective, Bitcoin has seen a series of consecutive bearish candles, breaking through the key support of the Bollinger Band's middle line and even testing the lower band area for support. On the indicator front, the KDJ three lines are all operating below the 50 value, with the J line approaching the oversold zone; the MACD indicator continues to show a weak pattern, with the DIF line remaining below the DEA line, and the energy bars have shifted from positive to negative and continue to expand. Overall, the current market shows a weak oscillation trend, and short-term attention should be focused on the pressure performance of the Bollinger Band's middle line. If the coin price cannot effectively stabilize at the middle line position, it is highly likely to test the strength of the lower support again.

From the short-term hourly chart observation, on the 4-hour chart, the KDJ indicator is still in a divergent upward state, with the J line nearing the overbought zone, indicating that short-term bullish momentum is still being released. However, the BOLL channel is converging downwards, and the EMA moving averages maintain a bearish arrangement, with the short EMA15 exerting pressure on the price. The mid to long-term EMA30 and EMA120 are also trending downwards, reflecting that the mid-term weak pattern has not changed. Although the MACD has shifted from negative to positive, a trend reversal signal has not yet appeared. Combining with the 1-hour chart, the price stabilizes at the BOLL middle line, and the KDJ indicator's J value shows signs of turning upward, but the MACD continues to shrink, indicating a reduction in short-term bullish momentum. Overall, it presents a "short-term rebound, mid-term weakness" differentiation characteristic. Attention should be focused on the KDJ entering the overbought zone on the 4-hour level and the interaction of volume and indicators on the 1-hour level. Once multi-period indicators show synchronized weakening signals, the price is likely to return to a downward oscillation channel. Only if the price breaks through the key resistance level on the 4-hour chart relying on the 1-hour Bollinger Band's middle line can it hope to drive a rebound resonance across multiple periods. Daily operation suggestions should be based on a high short and low long strategy.

Waves in the Cryptocurrency Sea: 1.22 Bitcoin Short-term Reference:

Short Position: Short in the 91000-92000 range, with a stop loss at 93500, targeting below 90000.

Long Position: Long in the 87500-88500 range, with a stop loss of 500 points, targeting above 89000.

Waves in the Cryptocurrency Sea: 1.22 Ethereum Short-term Reference:

Short Position: Short in the 3070-3120 range, with a stop loss of 30 points, targeting 3000-2950.

Long Position: Long in the 2870-2920 range, with a stop loss of 30 points, targeting 2960-3050.

【The above analysis and strategies are for reference only. Please bear the risk 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 only. 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 am mainly responsible for analyzing and guiding 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 profit 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 fans the ability to see opportunities in their investment journey, making every decision just right, sailing through the ocean of investment, and reaping wealth and growth!!!

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