In the short term (15m/1h), this is a news-driven rebound, with support at 89500-89800 and resistance at 90500-91000. There's no clear reversal yet; it's more like a V-shaped reversal followed by high-level consolidation. Be wary of a potential double top (M-shaped top). Aggressive traders can consider a small long position near 89500, targeting 90500-91000, with a stop-loss at 89200. If the price stalls and falls back from 90500-91000, a small short position can be considered. In the medium term (4h), this is still a corrective rebound within a downtrend. Support is at 88000-88500, with strong support at 87000-87500; resistance is at 91000-91500, with a target of 92000-92500 only if this level is broken and held. The rebound structure is insufficient; a wait-and-see approach is recommended. Consider a short position at 91000-91500, with a stop-loss above 92000. In the long term (daily chart), the overall trend remains bearish, and this is merely a technical rebound. Core support is at 85,000-86,000, resistance at 92,000-93,000, and strong resistance at 94,617. No long-term reversal signal has appeared; long-term investors should wait patiently. Short-term trading should be quick in and out, medium-term trading should focus on shorting at higher levels, and long-term investors are advised to hold and observe. I recommend a safe and reliable exchange with zero slippage; registration includes a 50% commission rebate: https://www.ktx.com/zh/login/register?invite_code=KTX888

The previous short-term strategy for Bitcoin at 88,000 has been realized, resulting in a move of over 2,000 dollars. Looking at the daily chart, the previous candlestick closed as a bullish doji, indicating a halt to the decline. Intraday, the price opened higher but encountered resistance around the 60-day moving average. The Bollinger Bands are flat, and short-term moving averages are turning downwards. The MACD fast and slow lines are crossing downwards with increasing volume. The KDJ indicator shows signs of turning upwards, while the VR indicator is consolidating around 100. On the 4-hour chart, after a rapid break below the low in the early morning, the price quickly rebounded, returning above the 7-day moving average. The Bollinger Bands are trending downwards and showing signs of narrowing, while short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards at a low level, with the volume bars turning red and showing slight increasing volume. The KDJ indicator is extending upwards; pay attention to the resistance around 100. The VR indicator is consolidating around 60. Overall, the price has temporarily closed higher, halting the decline. Whether it can stabilize and begin a continued rebound remains to be seen. Currently, it has returned to the previous trading range, so we will continue to refer to this. The short-term resistance remains below 92,000. If it breaks through and stabilizes, then we should watch the resistance around 94,000. Support is seen above the lower Bollinger Band. For short-term Bitcoin trading, the suggested strategy is: long at 88500, short at 91600. The long position at 2930 mentioned above on Ethereum has moved over 100 dollars, and the support around 2850 held, confirming the expected price action. Looking at the daily and 4-hour charts, the short-term resistance is around 3080. A successful break above this level would target the 3150 area below, corresponding to the 4-hour middle Bollinger Band and the EMA200. Support has moved up to around 2900. Ethereum short-term suggestion: short at 3120, long at 2950. (For more cryptocurrency analysis, click the image to see the homepage introduction) — I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about trading and trends! Let's exchange ideas and profit together!

Afternoon Trading Suggestions and Future Trend Analysis for Bitcoin (1/22): The current market is in a range-bound state. Technically, the price is approaching the strong resistance level of 90628. Short-term momentum has stabilized slightly, but the trend remains weak. The Bollinger Bands are converging, and the price is near the middle band, further confirming the market's range-bound pattern. Three consecutive positive candlesticks indicate some bullish reversal signs, but the moving average system is still in a bearish alignment, limiting the rebound strength and leaving the market direction unclear. Given the current range-bound market, the price approaching the strong resistance level of 90628, and the Bollinger Bands converging, indicating normal market volatility, a strategy of selling near resistance levels is consistent with the characteristics of a range-bound market. Therefore, subsequent trading suggestions focus on buying on rallies. For Bitcoin, consider buying around 90500-91000, with a target of 89000-88500. For Bitcoin 2, consider buying around 3020-3050, with a target of 2950-2900.

Bitcoin is currently exhibiting a weak rebound pattern after a significant pullback. On the 4-hour candlestick chart, a slight rebound occurred after the previous sharp drop, but the highs are gradually decreasing, and it remains in a downtrend in the short term. The MACD continues to run below the zero line, with both DIF and DEA values being negative, indicating that the bullish momentum is dominant, but the shortening of the green bars suggests weakening downward momentum. The current price is above the EMA7 but below the EMA30 and EMA120, providing some short-term support. Intraday, it is recommended to enter long positions on pullbacks, specifically around 89,000 to 89,500 for Bitcoin, with a target of around 91,000; and around 2960 to 2990 for Ethereum, with a target of around 3060. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.

After testing lower levels again in the early morning, the market rebounded quickly, showing signs of bottoming out and stabilizing. At least in the short term, the downside potential is limited, and a range-bound consolidation is expected. If the market breaks lower again, it's best to remain on the sidelines. Today's altcoin range recommendations from Yueying: Sonara 135-125, BNB 875-920, Ripple 1.88-2.00, and IDA 0.38-0.35. These are short-term entry ranges for reference only. For more cryptocurrency analysis, please click the image to see the homepage introduction.