1.16 Friday midday Bitcoin / Ethereum Roadmap



Bitcoin and Ethereum trends are completely in line with expectations. As mentioned yesterday, Bitcoin was expected to fluctuate between 97,000 and 95,000. It just reached 97,000 yesterday and then sharply declined to 95,000. Ethereum similarly predicted a move of over 120 points.

Now, returning to the market, Bitcoin has dipped below 95,000 and is now entering a consolidation phase, but a bottom has not yet been seen. Partners looking for an upward move from this level should remain cautious. On the technical indicators, the four-hour MACD has already formed a death cross, and the RSI indicator is also trending downward.

Ethereum is also not optimistic. A short-term downtrend has already formed, with the KDJ indicator about to cross downward, the MACD red bars continuing to expand, and the momentum clearly weakening.

Personal suggestions:
Bitcoin can move south around 96,000-96,500, with targets of 94,500-94,000.

Ethereum can move south around 3,020-3,050, with targets of 3,250-3,200.
BTC4,36%
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