Early Morning Trading Suggestions and Future Trend Analysis: The current market exhibits typical range-bound trading characteristics, fluctuating between 94643 and 97932.1. Technically, although the moving average system shows a bullish alignment and the overall trend is bullish, short-term momentum is weakening. Furthermore, a bearish engulfing pattern has appeared in the candlestick chart, indicating potential short-term downward pressure. The price is currently near the middle Bollinger Band, with normal volatility and no signs of a breakout in the short term. Given the current range-bound market and the price approaching the strong resistance level of 97932.1, coupled with the bearish engulfing signal in the candlestick chart, suggesting potential short-term pullback pressure, it is recommended to sell short near the resistance level, targeting the secondary support level of 94900. Therefore, the early morning trading suggestion is to primarily focus on entering short positions on rallies below the resistance level. Bitcoin (BMT) is worth considering around 96800-97200, with a focus on the 95500-95000 range. Bitcoin (BMT) is also worth considering around 3330-3350, with a focus on the 3260-3200 range.
Bitcoin and Ethereum Trading Recommendations and Future Trend Analysis (1/16)
2026-01-15 16:53:59
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