【Crypto Wave】 : 1.12 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) latest market analysis and insights,

Crypto Wave: 1.12 Bitcoin (BTC)) Market Analysis Reference:
After experiencing a narrow consolidation over the weekend, Bitcoin surged briefly this morning. The price touched the 92,500 level before encountering resistance and pulling back. As of press time, BTC has fallen back to 90,500, returning to the previous oscillation range.
From the daily chart perspective, Bitcoin's recent price has been consistently operating within the upper and middle bands of the BOLL indicator. The Bollinger Bands are widening gradually, indicating a range-bound oscillation. The KDJ indicator shows a downward divergence across its three lines, suggesting diminishing short-term bullish momentum;
In the MACD indicator, the DIF and DEA lines are both above zero, remaining in positive territory, but the histogram bars are shrinking, indicating decreasing bullish volume.
The RSI hovers around the neutral 50 level, not yet entering overbought or oversold zones. Overall, the daily chart shows a phase of oscillation and correction after a rally, with the 90,000 support level (middle Bollinger Band) being a key support zone.
On the 4-hour chart, the price has been pressured and pulled back from the 92,500 level. The Bollinger Bands are narrowing, forming a tight consolidation zone. The KDJ lines are turning downward, and the MACD DIF and DEA are below zero with the histogram turning green, indicating short-term bearish dominance.
However, the EMA120 at 90,200 provides a critical support level.
The 1-hour chart further emphasizes short-term weakness, with the price falling below the short-term EMA support, and the MACD histogram entering negative territory. The fast and slow lines have formed a death cross, diverging downward. RSI has dipped below 40, indicating further short-term correction pressure.
Considering the short-term signals, the 90,000 level remains the core support. There is a risk of further breakdown, potentially testing the daily Bollinger Band middle line at 89,600. If this support holds effectively, the market may return to a range-bound state, with resistance at around 92,000.
Crypto Wave: 1.12 Short-term Bitcoin Reference:
Long position: Buy in the 88,500-89,500 range, stop loss at 87,500, target 91,000-92,000,
Short position: Sell in the 92,000-93,000 range, stop loss at 94,000, target 91,500-90,500-89,500,
Crypto Wave: 1.12 Ethereum Short-term Reference:
Long position: Buy in the 3,040-3,070 range, stop loss at 2,950, target 3,100-3,150,
Short position: Sell in the 3,160-3,190 range, stop loss 30 points, target 3,100-3,060,
This content is originally shared by 【Crypto Wave】 and represents personal opinions only. There may be delays in article delivery. For reference only, do not operate blindly! Hope everyone can adhere to their principles regardless of market fluctuations, stay rational and calm. Deeply understand the characteristics, risks, and profit mechanisms of investment products, and avoid being swayed by short-term market volatility. Wishing fans and friends a discerning eye in the investment journey, seizing opportunities, making precise decisions, and riding the waves in the ocean of investment to harvest wealth and growth!!!#BTC #ETH