#美国民主党BlueVault January 14 Evening Session Market Review

$BTC this wave of market movement is quite solid. Yesterday’s daily candle was a strong bullish candle that directly broke through the previous high. After touching the upper band, it started to consolidate, and today after opening high, it moved back and forth around the Bollinger Bands. The short-term moving averages have already turned upward, and the MACD fast and slow lines are extending upward with increasing volume. The KDJ is crossing from below and continuing to rise, while the VR indicator stays steady around 100. Looking at the 4-hour chart, a bottom was formed from a low position earlier, followed by consecutive bullish candles breaking the upper band, then a probe candle retraced into a correction phase. The Bollinger Bands are now expanding into a trumpet shape, the short-term moving averages point upward but the MACD histogram is starting to shrink, the KDJ is facing resistance and turning downward near 100, and the VR indicator is flattening around 350.

The overall logic is very clear: after about 4 days of repeated bottoming, the market has completed its bottoming process and is now experiencing a strong surge past the previous high. The technical outlook is indeed bullish, but there is a problem—resistance above is significant. If the key levels cannot be broken and stabilized, the upward momentum will significantly weaken, and it’s more likely to maintain a range-bound oscillation pattern. In the short term, focus on the high points of the spike, and above that is the 98,500 level. If it cannot break through, consider a pullback. Support below is around 93,000; if this level is lost, the market may retest around 91,000.

$ETH’s performance is linked with Bitcoin, with the daily chart also showing a strong bullish breakout past the previous high. The technical approach can refer to Bitcoin’s logic framework. Short-term support is around 3,200; if this level holds, there’s still a chance for the market to continue upward testing. If this level is broken, the strong bullish nature of today’s candle changes—likely a false breakout, and the subsequent market will probably retreat back into the previous range for repeated oscillations. The first resistance to watch is the high point from December 11. The short-term strategy remains unchanged for now; if a breakout occurs later, follow-up analysis will be provided.

Trading ideas for reference:
$BTC: Long positions at 93,200-94,200, target 95,800-96,800
$ETH: Long positions at 3,210-3,250, target 3,330-3,370