Hai Ocean Waves: 1.22 Cryptocurrency Market Bitcoin (BTC), Ethereum(ETH) Latest Market Analysis and Insights

Hai Ocean Waves: 1.22 Bitcoin (BTC) Market Analysis Reference:
Early yesterday morning, Bitcoin tested the lower support as expected. After reaching a low of 87,200, the price rebounded and recovered, and as of the time of writing, it is trading near the 90,000 level.
From the daily chart perspective, Bitcoin previously experienced continuous downward closes, not only breaking below the key support of the middle Bollinger Band but also testing support near the lower band. On the indicator level, all three lines of KDJ are below the 50 mark, with the J line approaching the oversold zone; MACD remains weak, with the DIF line staying below the DEA line, and the momentum histogram turning from positive to negative and continuing to expand. Overall, the current market shows a sideways and slightly weak trend, with short-term focus on the middle Bollinger Band resistance. If the price cannot effectively hold above the middle band, it is likely to test the lower support again.
From the short-term hourly chart, on the 4-hour chart, the KDJ indicator is still diverging upward, with the J line approaching the overbought zone. Short-term bullish momentum is still being released, but the BOLL channel is converging downward, and the EMA lines are in a bearish arrangement. The short-term EMA15 is exerting resistance on the price, while the medium and long-term EMA30 and EMA120 are also trending downward, indicating the medium-term weakness remains unchanged. Although MACD has turned positive, a trend reversal signal has not yet appeared.
Combining the 1-hour chart, the price has stabilized above the BOLL middle band, and the J value of the KDJ indicator shows signs of turning upward, but MACD continues to shrink, indicating short-term bullish momentum is weakening. Overall, there is a divergence with a “short-term rebound and medium-term weakness” pattern. Future focus should be on the momentum change after the 4-hour KDJ enters the overbought zone, as well as the interaction between volume and indicators on the 1-hour chart. Once multiple cycle indicators show synchronized weakening signals, the price is likely to return to a sideways downward channel. Only if the price breaks through the 4-hour key resistance at the 1-hour Bollinger Band middle line can a multi-cycle rebound resonance be expected. Daily trading suggestions revolve around a high short and low long strategy.
Hai Ocean Waves: 1.22 Short-term Bitcoin Reference:
Short position: Short in the 91,000-92,000 range, with a stop at 93,500, target below 90,000.
Long position: Long in the 87,500-88,500 range, with a 500-point stop loss, target above 89,000.
Hai Ocean Waves: 1.22 Ethereum Short-term Reference:
Short position: Short in the 3,070-3,120 range, with a 30-point stop loss, target at 3,000-2,950.
Long position: Long in the 2,870-2,920 range, with a 30-point stop loss, target at 2,960-3,050.
This content is originally shared by 【Hai Ocean Waves】, representing personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! We hope that on your investment journey, regardless of how the market changes, you can stick to your principles and stay rational and calm. Deeply understand the characteristics, risks, and reward mechanisms of investment products, and avoid being swayed by short-term market fluctuations. Wishing all fans and friends to have keen insight, seize opportunities, make perfect decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!#BTC #ETH