January 21 BTC and ETH Market Trend Observation

BTC has truly stabilized after this wave of correction to the lower band of the Bollinger Bands. On the 4-hour chart, the KDJ indicator has turned upward from the oversold area, with the J line crossing above the K and D lines. The golden cross at the low position is very obvious, and the rebound momentum is gradually building. The Bollinger Bands are also beginning to narrow, indicating decreasing volatility and that the market is gathering strength. The price is currently supported by the lower band for recovery. If the upward movement continues, attention should be paid to the key resistance level at 92,000.

ETH is moving in perfect sync with BTC; the two coins are resonating with each other. The short-term rebound opportunity has already opened.

How to operate in this market—

For BTC: Buying in the range of 88,300 to 88,800 is a good entry point. The first target is 90,300. If this level can be effectively broken, then continue to look for a move to 92,000.

For ETH: Consider entering around 2,900 to 2,930. The first target is 2,980. If a strong breakout occurs, then look for 3,050.