Navigating the Cryptocurrency Sea: January 12 Bitcoin (BTC) Market Analysis Reference:

After two days of narrow consolidation over the weekend, Bitcoin experienced a short-term surge this morning, reaching around 92,500 before encountering resistance and falling back. As of the time of writing, the BTC price has retreated to 90,500, returning to the previous fluctuation range. Observing the daily chart, Bitcoin's price has been consistently operating in the upper Bollinger Band area, with the Bollinger Bands showing a flattened and widening state, indicating a range-bound characteristic. The KDJ indicator's three lines are diverging downwards, suggesting a short-term weakening of bullish momentum; in the MACD indicator, the DIF and DEA lines are operating above the zero axis, still in the positive zone, but the histogram continues to narrow, indicating a gradual decline in bullish volume. The RSI indicator fluctuates around the neutral level of 50, not yet entering the overbought or oversold zones. Overall, the daily chart is in a phase of consolidation and pullback after a surge, with the 90,000 level (Bollinger Band middle line) being an important support level.

On the 4-hour chart, the price has retreated from the 92,500 level, with the Bollinger Bands' upper and lower bands narrowing, forming a tight fluctuation range. The KDJ three lines have turned downwards, and the MACD indicator's DIF and DEA are below the zero axis with the histogram turning green, indicating short-term bearish dominance; however, the EMA120 (90,200) constitutes the current key support. The 1-hour chart further highlights the short-term weakness, with the price continuously declining and breaking below the EMA short-term moving average support. The MACD histogram has entered the negative zone, with the fast and slow lines forming a death cross and diverging downwards. The RSI indicator has dropped below 40, indicating further release of hourly-level pullback pressure. Considering the short-term signals, the 90,000 level is the core support for the current market, with a risk of breaking down in the short term, necessitating caution for further testing of the daily Bollinger Band middle line (89,600) if this support level fails. If this support can stabilize effectively, the market may return to a range-bound state, with the upper resistance level to watch at around 92,000.

Navigating the Cryptocurrency Sea: January 12 Bitcoin Short-term Reference:

Long Position: Buy in the 88,500-89,500 range, stop loss at 500 points, target at 91,000-92,000.

Short Position: Sell in the 92,000-93,000 range, defend at 94,000, target at 91,500-90,500-89,500.

Navigating the Cryptocurrency Sea: January 12 Ethereum Short-term Reference:

Long Position: Buy in the 3,040-3,070 range, defend at 2,950, target at 3,100-3,150.

Short Position: Sell in the 3,160-3,190 range, stop loss at 30 points, target at 3,100-3,060.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article may have delays in review and publication, and the strategies may lack timeliness. Do not operate blindly!】

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