2026-01-18 17:22:54

Last week, our positions around 94,200 for Bitcoin and 3,270 for Ethereum have remained relatively stable. After a weekend correction, Bitcoin is currently fluctuating around 95,000, while Ethereum is near 3,330. Volatility has decreased, so we will continue to adopt a light position and cautious approach.

From the four-hour chart of Bitcoin, the candlesticks have been moving along the middle to lower Bollinger Bands, with the range gradually shifting downward. The Bollinger Bands are narrowing. The MACD indicator is relatively weak, with the fast and slow lines converging downward, indicating an ongoing bearish trend. Looking at the one-hour chart, although there was a series of bullish candles pushing higher, the subsequent candles faced resistance at the middle band, with the bullish body shrinking, showing that buying momentum is weakening. Overall, the market is still likely to remain weak in the near term.

In terms of trading strategy, focus on the 95,100-95,400 range for Bitcoin, with support around 94,400. For Ethereum, the resistance level is at 3,350, and support is at 3,310. It is recommended to wait for a breakout confirmation before making further decisions.

ETH3,41%

BTC4,3%

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ChainWanderingPoet

· 01-21 16:47

Light positions testing this move is really stable, just worried that a sudden black swan might directly break through the support. --- The Bollinger Bands are narrowing, it feels like either a big surge or a drop is coming later, it's uncomfortable. --- Friends who have laid out at 94200, how is your mindset now? I can't sit still anymore. --- The buying power is weakening... and here we go again, every day is a bearish trend. When will the breakthrough happen? --- Keep watching, keep waiting, I'm really good at this haha. --- The body of the bullish candle is shrinking, what does that indicate? The market lacks consensus, so we'll just observe and see. --- The middle band being under pressure is normal, the key is whether we can effectively break through that 95400. --- Light positions + testing, this combo really has no problem, but it's mentally exhausting. --- The 3350 resistance feels a bit虚虚, but we must hold the 3310 support well.

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MergeConflict

· 01-21 07:45

Bollinger Bands narrowing, MACD weakening... It's the same old story again, feels like a breakout is imminent.

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LostBetweenChains

· 01-21 05:11

Taking a small position to test the waters is still safe. The bearish signals are so obvious that we shouldn't be greedy.

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CryptoGoldmine

· 01-18 17:53

The order placed at 94200 is still in floating profit, indicating that the timing was indeed right. However, this kind of narrowing consolidation requires patience to wait for a breakout. Trying with a small position is the right approach. Instead of chasing high, it's better to wait for a confirmed breakout and then enter the second wave. Currently, the hash rate gains are not yet ideal. The Bollinger Bands narrowing is often a signal; it depends on whether the 94400 level can hold. If it breaks below, that will be the real opportunity for a low buy-in. The phenomenon of consecutive weak bullish days has been seen too many times. The rebound is a good opportunity to sell off. Let's continue to observe the performance of 3310.

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ContractExplorer

· 01-18 17:47

When the Bollinger Bands narrow, I know something's about to happen. This round of market movement is indeed very timid. I entered at 94200 and am still floating with profits, but I'm too impatient and tend to chase highs, I need to fix this bad habit. Wait, how long is this light position testing supposed to go on? It feels like it's just dragging on and on. If Bitcoin can't break 95400, I'll just give up on trading. Ethereum needs to hold the support at 3310, or there will be another round of downward pressure. With such strong bears, why dare to trade? I choose to lie flat and watch. I feel there will be variables next week; let's see a breakout first before taking action. The MACD indicator isn't very reliable now either; I'm really starting to not understand the market.

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ContractTester

· 01-18 17:46

Are you tightening your stance again? This wave is really weak, maybe just take a small position to test the waters.

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PrivacyMaximalist

· 01-18 17:45

Bollinger Bands narrowing + MACD weakening, I’m familiar with this signal, it’s that kind of silent moment before a big move. Trying with a small position is indeed safe, but the 95,000 level is really tough to break. I wish I had just bought at 95,100 last week.

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