1.12 Evening Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, Bitcoin: The morning trend shows a bullish structure of "retracement confirmation - volume breakout." After being supported at 90,175, Bitcoin surged with increased volume to 92,500, indicating strong bullish momentum. The current pullback to 90,300 is a healthy correction aimed at digesting profit-taking and consolidating support. Technically, the morning surge with significant volume and a gentle correction in volume suggest a normal adjustment phase. Key support levels are in the 90,000 to 90,500 range. If stabilized, the upward channel remains intact. After breaking through the resistance at 92,500, the next targets are 93,000-93,500. For evening trading, maintain a pullback-based long strategy. Ethereum: Key support can be focused on the 3,100-3,120 range. As long as the price stabilizes within this range, combined with the strong support at the previous low of 3,100, the upward trend remains solid. The first resistance is near the previous high at 3,170. A volume breakout above this level could open up upward space in the 3,100-3,150 region. The suggested trading strategy is to maintain a bullish outlook, viewing the current pullback as a good opportunity to buy on dips, and seize the window for low-cost entries.
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1.12 Evening Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, Bitcoin: The morning trend shows a bullish structure of "retracement confirmation - volume breakout." After being supported at 90,175, Bitcoin surged with increased volume to 92,500, indicating strong bullish momentum. The current pullback to 90,300 is a healthy correction aimed at digesting profit-taking and consolidating support. Technically, the morning surge with significant volume and a gentle correction in volume suggest a normal adjustment phase. Key support levels are in the 90,000 to 90,500 range. If stabilized, the upward channel remains intact. After breaking through the resistance at 92,500, the next targets are 93,000-93,500. For evening trading, maintain a pullback-based long strategy.
Ethereum: Key support can be focused on the 3,100-3,120 range. As long as the price stabilizes within this range, combined with the strong support at the previous low of 3,100, the upward trend remains solid. The first resistance is near the previous high at 3,170. A volume breakout above this level could open up upward space in the 3,100-3,150 region. The suggested trading strategy is to maintain a bullish outlook, viewing the current pullback as a good opportunity to buy on dips, and seize the window for low-cost entries.