Mid-January Market Observation and Trading Ideas:

**What’s the outlook on Bitcoin this wave?**

From the daily chart, Bitcoin faced resistance at $94,500 and pulled back, then continued to decline until around $90,000, where it started to stabilize. This confirms the validity of the $84,500–$94,500 range. The $90,000 level is very important; recent dips have not broken below it, indicating strong support. If it remains above this level and pulls back without breaking down, consider going long, with a position around $90,000 and a stop-loss at the previous low.

On the 4-hour chart, it’s clear that Bitcoin quickly rebounds each time it tests $90,000, making this support level undeniably strong. Last week, this approach—going long at support and reversing at resistance—worked well. Continuing to operate within this framework should be fine.

**Ethereum’s rhythm**

Ethereum reached $3,320 and faced resistance, then declined to stabilize around the midline of $3,030, confirming that the $2,770–$3,320 range is still valid. The current support at $3,080 can hold, but resistance at $3,320 remains heavy. Although a U-shaped bottom has formed, bulls need to effectively break through the previous high to open upward space.

On the 4-hour chart, Ethereum is now oscillating between $3,150 and $3,160. The MACD DIF and DEA have already crossed upward, and the energy bars are expanding, indicating a strong short-term bullish momentum.

**Recent Trading Ideas**

Bitcoin: At $90,500, go long directly, targeting $92,000–$92,500, with a stop-loss below $89,500.

Ethereum: At $3,100, go long directly, targeting $3,150–$3,170, with a stop-loss below $3,050.