Friday's market movement, to be honest, is quite interesting. Last night, there was another dip, touching around 95,100 before starting to rebound. The overall downward momentum wasn't very strong, which means the chances for the bears are indeed getting smaller and smaller.



From a technical perspective, Bitcoin's four-hour chart looks quite solid. After touching the middle band of the Bollinger Bands, the price rebounded. The middle band is playing an increasingly supportive role, and a small double-bottom pattern has formed at the lows, indicating that the bulls are still holding their ground at the bottom. Looking at the hourly chart, the rebound momentum is even stronger, and the MACD is about to form a new golden cross, confirming an upward trend.

Ethereum is also performing well. The bottom-building pattern is particularly prominent, with a W-shaped movement on the hourly chart. It is currently in the latter half of the rebound phase, with little resistance to short-term upward movement, and the bullish sentiment continues to strengthen.

Based on this situation, the trading strategy moving forward is to follow the trend and go long:

Buy around 95,500 for Bitcoin, with a target of 98,000

Buy around 3,310 for Ethereum, with a target of 3,450

Remember, the market won't move according to our expectations. Professional analysis skills are the key to lasting in the crypto space.
BTC-0,86%
ETH-0,88%
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LightningHarvestervip
· 01-18 18:07
The 95100 rebound is indeed interesting; the bears are really running out of options.
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BlockchainDecodervip
· 01-18 17:53
From a technical architecture perspective, this analysis indeed captures several key support levels. It is worth noting the repeated validation of the middle band of the Bollinger Bands—research shows that the effectiveness of such supports often depends on the determination of the bulls' defense. However, to be honest, the double bottom pattern appearing on the hourly timeframe has become so frequent that it raises some caution.
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alpha_leakervip
· 01-16 01:49
It's that same logic of the middle band of the Bollinger Bands again. Last time I mentioned it, I took a pretty big loss.
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DefiOldTrickstervip
· 01-16 01:45
95100 hasn't been broken yet, this time the bulls are really holding. I calculated that the arbitrage space isn't big this time, so it's better to look for Lido's re-investment combinations.
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nft_widowvip
· 01-16 01:44
It's the same theory again. If buying more at 95,500 could make money, I would have been financially free long ago. I bet today we'll drop back to 94,000 again.
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ForkTonguevip
· 01-16 01:40
95100 is reversed, and now the shorts really have no chance. With such strong bottom support, who dares to short?
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MEV_Whisperervip
· 01-16 01:22
95100 that wave indeed didn't crash down, the bears are a bit lackluster.
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