2026-01-16 01:40:20

January 16 Morning Bitcoin and Ethereum Market Review

After last night's volatility, we have gained a lot of practical experience. Bitcoin, after dropping to 95,304, saw the bulls start to fight back, briefly surging towards the 97,000 level but then pulling back; Ethereum also followed the decline, stabilizing around 3,266 before attempting to push into the 3,380 resistance zone, but was ultimately suppressed and retreated.

From the 1-hour candlestick chart, the rebound strength is evident, but the retracement is faster. The long shadow left above is clearly visible, indicating aggressive selling pressure. The MACD indicator has already formed a death cross and continues to diverge, showing that the bears are currently in control. As for the Bollinger Bands, the opening downward trend is very clear, with downward space gradually being released. Overall, the market remains in a weak consolidation phase.

Trading Strategy Reference

Bitcoin: Consider short positions in the 96,000-96,500 range, with target zones around 94,500 to 93,600.

Ethereum: Set up short positions in the 3,330-3,350 range, with a target of 3,250.

#Strategy加仓BTC $BTC $ETH Stay tuned

BTC3,08%

ETH2,16%

SOL2,89%

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GasWaster

· 01-19 01:07

It's another bearish sell-off, and last night's rebound was just a trap to lure buyers in, a classic bear trap.

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GasGoblin

· 01-17 23:53

It's another day dominated by the bears controlling the market. Look at how fierce the selling pressure is... Every rebound gets pushed back down, and the MACD has already crossed bearish. The momentum is indeed weak.

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MevSandwich