Sea of Coins Riding the Waves: 1.26 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Sea of Coins Riding the Waves: 1.26 Bitcoin (BTC) Market Analysis Reference:
Last night, Bitcoin retraced as expected, testing previous lows. After hitting the bottom, it quickly rebounded with a slight technical correction, showing initial support strength. However, current trading volume is insufficient, and the rebound space is clearly limited. As of press time, the price is around 87,800.
From the current daily chart, the price has fallen back to the lower band of the Bollinger Bands, with the BOLL indicator’s three lines diverging downward, indicating downward pressure. The KDJ indicator’s three lines are below 50, in a weak zone, suggesting that the bearish momentum still dominates the short-term trend. The MACD indicator remains weak below the zero line, with recent increasing histogram length, confirming the continuation of medium-term correction. Although the RSI has slightly risen, it remains below the 50 weak support line, indicating insufficient bullish strength. Overall, the market is in a weak consolidation phase. If the price cannot quickly recover the middle band of the Bollinger Bands, it is likely to continue testing previous lows for support.
From the short-term hourly chart, on the 4-hour chart, after touching the low of 86,000, the price experienced a slight rebound but was still suppressed by various EMA lines. The KDJ indicator has rebounded from lows and is diverging upward. The MACD histogram is gradually narrowing, with a potential positive crossover. The fast and slow lines are below zero, showing signs of a golden cross, indicating a weak bullish stabilization signal. However, the upward space can only be further opened if the price breaks through the resistance of the moving averages. On the 1-hour chart, after testing the bottom, the price rebounded, with the MACD continuing to expand, and the KDJ rapidly rising into overbought territory before pulling back, indicating limited upward momentum. Currently, the price is encountering resistance near the upper band of the Bollinger Bands. Overall, the market is in a technical rebound after a weak consolidation, and short-term will continue to oscillate sideways. If the price cannot break through the resistance of the 4-hour moving averages and the upper Bollinger Band, it may face downward pressure to test previous lows. Only if multiple cycle indicators expand simultaneously and the price stabilizes above key resistance levels can a more sustained rebound be triggered.
Sea of Coins Riding the Waves: 1.26 Short-term Bitcoin Reference:
Short position: 89,500-90,500 range, stop loss 500 points, target below 89,000,
Long position: 85,500-86,500 range, stop loss 500 points, target above 87,000,
Sea of Coins Riding the Waves: 1.26 Short-term Ethereum Reference:
Short position: 2,980-3,030 range, stop loss 30 points, target 2,950-2,900,
Long position: 2,785-2,835 range, stop loss 30 points, target 2,900-2,950,
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