Bitcoin and Ethereum Afternoon Trading Recommendations and Future Trend Analysis: 1/17

Afternoon Market Analysis (January 17th): The market is currently in a range-bound state, with prices fluctuating between key support and resistance levels, lacking a clear directional driver in the short term. From a technical perspective, the contraction of the Bollinger Bands indicates low market volatility, with prices near the middle band, suggesting a balanced market sentiment. However, the moving average system is bearish, indicating a weak long-term trend. Although the price broke through the short-term moving averages, it failed to establish a sustained trend, showing a contradiction between trend and price action. Given the current range-bound market, with strong resistance around 95536.9, and considering the low volatility characteristic of the contracting Bollinger Bands, a strategy of selling near resistance levels aligns with the current market characteristics. Therefore, the afternoon trading recommendation is to focus on buying on rallies below resistance levels. For Bitcoin, consider buying around 95500-96000, and watch for 95000-94500. For Bitcoin 2, consider buying around 3300-3320, and watch for 3260-3230.