Analysis on January 6th:



Bitcoin

The current price of Bitcoin is 97900, and the K-line pattern on the market is oscillating around 98000, forming a range consolidation. After the rapid rise in the early stage, it has entered a high-level consolidation phase. The MACD histogram of the technical indicator shows signs of weakening momentum, and there may be a demand for a short-term pullback. The relative strength index RSI is at a relatively high level, indicating a risk of pullback. The trend indicator EMA still has an overall upward trend, but the trading volume is decreasing, indicating a weak willingness to chase the rise and some selling pressure.
Today's reference points: long at 97000, defend at 96500, stop loss at 96000, target at 99000;
Short at 99000, defend at 99500, stop loss at 100000, target at 97000.

Ethereum

The current price of Ethereum is 3630. The K-line pattern on the plate shows a typical oscillating upward trend, with the low gradually rising and the high continuously breaking through. Multiple bullish candles indicate that the market buying power is strong and long positions are effective. The MACD histogram is positive and expanding, indicating a bull market. The relative strength index RS has not shown a clear pullback signal, indicating that there is still upward momentum. The EMA short-term, medium-term, and long-term moving averages are all supporting the price uptrend. The overall strategy is to prioritize long positions and supplement with short positions.
Short-term strategy reference: buy at 3550, defend at 3500, stop loss at 3450, target at 3750;
Short at 3700, defend at 3750, stop loss at 3800, target 3550.

The cryptocurrency market has a high degree of uncertainty and risk, and investment decisions should be made with caution.
ETH-2.63%
BTC-1.24%
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