Mu Feng's Trend Analysis: 1.21 Bitcoin/Ethereum Consolidation and Trading Recommendations

The intraday overall market currently exhibits a sideways oscillation trend. The technical structure on the hourly chart shows a bullish divergence at the bottom, with the lower band continuously rising to align with this week's price levels. Short-term rebound momentum is building up, and buying support is present at the intraday lows, indicating some level of absorption below. It can be observed that after hitting the bottom, the bearish momentum has weakened. The short-term outlook is expected to see a slight upward technical correction in the form of oscillation.

For trading, it is recommended to participate in long positions on pullbacks. Specific entry points can be referenced as follows:

BTC: Buy around 89,000-88,200, target 90,500

ETH: Buy around 2,960-2,930, target 3,020

The above are personal intraday trading suggestions. Market conditions change rapidly, and this article may have some lag. Please follow real-time guidance for specific operations. #Gate每10分钟送1克黄金