January 16th Bitcoin and Ethereum Market Analysis


Bitcoin has started a correction after being blocked at a high level. In the short term, focus on the top and bottom reversal points within the 93,000 to 93,500 USD range. If it stabilizes, consider attempting to position long. Currently, there are no signs of a top in the medium-term upward trend.
Ethereum's movement is relatively indecisive, forming a short-term oscillation range. The direction is not clear enough and the operability is low, with some signs of trap trading.
Trading suggestion: Buy on dips at 93,000-93,500.
BTC0,16%
ETH-1,89%
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