Yesterday evening, Bitcoin traded around 82,100, slowly rising to around 83,800 before facing resistance and pulling back to around 82,300. Currently, it is fluctuating around 83,000. Ethereum traded up to around 2,708 in the evening, rising to around 2,768, then maintained a range of 2,720-2,760 for consolidation. It later pulled back to around 2,689 from about 2,763, and is now fluctuating around 2,720. From the daily chart perspective, Bitcoin shows increasing bearish momentum with two consecutive down candles, operating below the lower band. The Bollinger Bands are gradually trending downward, MACD has crossed below and is trending downwards, and the KDJ has a death cross heading down. On the four-hour chart, the consolidation is gradually shrinking, with price oscillating within a range; Bollinger Bands are moving downward, MACD shows a gradual upward trend, and KDJ has a golden cross heading up. On the one-hour chart, bearish momentum is under pressure, with price adjusting near the middle band, with resistance around 84,300 and support around 81,500. Currently, the trading range is around 82,000-83,800. Saturday early morning: Market can be traded with high shorts and low longs around the 82,500-83,500 range, within 82,000-84,000. Market can be traded with high shorts and low longs around the 2,700-2,760 range, within 2,680-2,780. Regardless of this week's gains, what’s past is past. The important thing is to seize the present and future, adjust your mindset and body, and face bigger challenges. Young Master Zhao wishes everyone good harvests. Have a great weekend!!!
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1.31 Saturday early morning market:
Yesterday evening, Bitcoin traded around 82,100, slowly rising to around 83,800 before facing resistance and pulling back to around 82,300. Currently, it is fluctuating around 83,000.
Ethereum traded up to around 2,708 in the evening, rising to around 2,768, then maintained a range of 2,720-2,760 for consolidation. It later pulled back to around 2,689 from about 2,763, and is now fluctuating around 2,720.
From the daily chart perspective, Bitcoin shows increasing bearish momentum with two consecutive down candles, operating below the lower band. The Bollinger Bands are gradually trending downward, MACD has crossed below and is trending downwards, and the KDJ has a death cross heading down. On the four-hour chart, the consolidation is gradually shrinking, with price oscillating within a range; Bollinger Bands are moving downward, MACD shows a gradual upward trend, and KDJ has a golden cross heading up. On the one-hour chart, bearish momentum is under pressure, with price adjusting near the middle band, with resistance around 84,300 and support around 81,500. Currently, the trading range is around 82,000-83,800.
Saturday early morning:
Market can be traded with high shorts and low longs around the 82,500-83,500 range, within 82,000-84,000.
Market can be traded with high shorts and low longs around the 2,700-2,760 range, within 2,680-2,780.
Regardless of this week's gains, what’s past is past. The important thing is to seize the present and future, adjust your mindset and body, and face bigger challenges. Young Master Zhao wishes everyone good harvests. Have a great weekend!!!