mt logoMyToken
ETH Gas15 Gwei ($1.05)
EN

Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 1.17

2026-01-17 07:16:35
Shareshare
Bitcoin's daily chart shows a gradual decline in price highs, indicating a short-term correction. On the 4-hour chart, the price has been trending downwards from its highs, but remains within a larger upward channel. The daily MACD histogram has turned negative, indicating weakening bullish momentum. The 4-hour MACD lines are diverging downwards, with the bulls dominating. The price is currently trading between the EMA7 and EMA30, and short-term moving averages are turning downwards. Intraday, it's recommended to enter positions on rallies. With limited volatility expected on Saturday, consider entering around 95500-96000 for Bitcoin, with a target of around 94500. For Ethereum, enter around 3300-3330, with a target of around 3260. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.
Disclaimer: This article is copyrighted by the original author and does not represent MyToken’s views and positions. If you have any questions regarding content or copyright, please contact us.(www.mytokencap.com)contact