Bitcoin's recent movement is quite interesting. The big bullish candle on the daily chart yesterday directly broke the previous high, encountering resistance near the upper band. Today, the opening saw prices oscillating at high levels. The Bollinger Bands are not opening widely, short-term moving averages are beginning to turn upward, and the MACD fast and slow lines are climbing while volume has increased. The KDJ is crossing upward and extending further, and the VR indicator is hovering around 100.
Switching to the 4-hour chart, after forming a bottom at the low point, several bullish candles have been consecutively formed, temporarily breaking through the upper band. However, it then pulled back and started to adjust. The Bollinger Bands are now expanding in a trumpet shape, the moving average combination is still upward, and although the MACD fast and slow lines continue to rise, the volume bars are shrinking. The KDJ encountered resistance near 100 and turned downward, while the VR is oscillating around 350.
Overall, this round of market movement has lasted about 4 days, finally completing the bottom formation. Now it is starting to surge higher and break previous highs. The technical outlook is quite bullish, but the resistance above cannot be ignored. The key is whether it can hold steady and break through. If it goes up and then falls back, this rally will lack sustainability, and likely there will be a back-and-forth tug-of-war. In the short term, focus on the recent high points, and then watch the 98,500 level. Support below is around 93,000; if broken, it may fall back to 91,000.
Ethereum's rhythm is similar to Bitcoin. The daily chart also shows a large bullish candle breaking previous highs. The technical approach can follow Bitcoin's logic. Support first looks at around 3,200; if it can hold, there’s still a chance to continue upward. If it breaks below, it might be a false move, and the price could return to the previous range repeatedly. Resistance above references the high on December 11. The short-term strategy remains unchanged; if the market breaks down, further notice will be given.
**Current Recommendations:**
$BTC Enter at 93,200-94,200 → Target 95,800-96,800
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AirdropChaser
· 7h ago
I feel like this wave of 98,500 might not hold steady. With declining volume, how can it push so high?
I'll keep an eye on the spike peak first. If it drops below 93,000, I'll exit.
Keep a close watch on ETH's 3,200 support. If it breaks, it could really be a trap for more buying.
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PoolJumper
· 7h ago
If that 98,500 level doesn't break, I don't believe this wave can go up. It feels like another trap to lure more buyers in.
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BrokenRugs
· 7h ago
You really need to keep a close eye on the 93,000 support level. Once it breaks, the game changes.
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MoneyBurnerSociety
· 7h ago
It's the same old Bollinger Bands + MACD combo again. I feel like every time I look at this analysis, my contract position starts to break out in a cold sweat.
It's a tug-of-war whether it breaks or not, a classic prelude to a false breakout. We professional leek farmers love to do this—it's especially fun to chase highs.
The moment 93,000 couldn't hold, I knew it. I have to go back and wander around near the liquidation price again. This time, I'll just lie flat.
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ZenZKPlayer
· 7h ago
Hey, once the Bollinger Bands trumpet opens up, it feels like we're about to start messing around again.
Breaking below 93,000 would be really troublesome; if it drops back to 91,000, we'll have to come up with a new plan.
The 98,500 level definitely needs to be closely watched.
ETH follows the rhythm; if it can't hold 3,200, it's really just a trap for more buying.
Let's try entering according to the suggestion; anyway, I've been trading coins since 97, so I can handle these fluctuations.
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DaoResearcher
· 7h ago
Based on the analysis of the technical patterns in the white paper, the sustainability of this breakout is questionable, and the shrinking volume bars are a signal.
From on-chain data performance, whether the 93,000 level breaks or not is the real binary event, not the dreamy target of 98,500.
Many believe that the bulls are already a foregone conclusion, but in fact there are many flaws: incompatible incentives, multiple solutions in game theory... The Bollinger Band trumpet-like expansion is essentially a high-risk signal.
It is worth noting that the detail of KDJ turning downward near 100 has been overlooked, which suggests that the stability of the bottoming process may have been overestimated.
Although the technical outlook is bullish, I still have to pour cold water on it; the probability of a trap is not to be underestimated.
It is recommended to first study the governance mechanism of this market cycle—oh no, I mean the market mechanism. The key is whether the supply and demand game can truly reverse.
From the Token Weighted market structure, the vulnerability of short-term volatility has been confirmed; 93,000 is the real test.
The trading volume has increased, but the quality is worrying. I tend to believe this is the final struggle of the previous phase.
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DAOdreamer
· 7h ago
Hey, this wave of breaking the previous high is pretty intense. Just worried it might be followed by another sharp plunge.
#Strategy加仓BTC Evening Market Analysis on January 14
Bitcoin's recent movement is quite interesting. The big bullish candle on the daily chart yesterday directly broke the previous high, encountering resistance near the upper band. Today, the opening saw prices oscillating at high levels. The Bollinger Bands are not opening widely, short-term moving averages are beginning to turn upward, and the MACD fast and slow lines are climbing while volume has increased. The KDJ is crossing upward and extending further, and the VR indicator is hovering around 100.
Switching to the 4-hour chart, after forming a bottom at the low point, several bullish candles have been consecutively formed, temporarily breaking through the upper band. However, it then pulled back and started to adjust. The Bollinger Bands are now expanding in a trumpet shape, the moving average combination is still upward, and although the MACD fast and slow lines continue to rise, the volume bars are shrinking. The KDJ encountered resistance near 100 and turned downward, while the VR is oscillating around 350.
Overall, this round of market movement has lasted about 4 days, finally completing the bottom formation. Now it is starting to surge higher and break previous highs. The technical outlook is quite bullish, but the resistance above cannot be ignored. The key is whether it can hold steady and break through. If it goes up and then falls back, this rally will lack sustainability, and likely there will be a back-and-forth tug-of-war. In the short term, focus on the recent high points, and then watch the 98,500 level. Support below is around 93,000; if broken, it may fall back to 91,000.
Ethereum's rhythm is similar to Bitcoin. The daily chart also shows a large bullish candle breaking previous highs. The technical approach can follow Bitcoin's logic. Support first looks at around 3,200; if it can hold, there’s still a chance to continue upward. If it breaks below, it might be a false move, and the price could return to the previous range repeatedly. Resistance above references the high on December 11. The short-term strategy remains unchanged; if the market breaks down, further notice will be given.
**Current Recommendations:**
$BTC Enter at 93,200-94,200 → Target 95,800-96,800
$ETH Enter at 3,210-3,250 → Target 3,330-3,370