Mu Feng's Trend Analysis: Bitcoin and Ethereum Market Analysis and Trading Suggestions (January 22nd, Early Morning)

The buy-on-dip strategy outlined yesterday at noon has successfully reached its target profit level. The market rallied and then retreated in the evening, currently exhibiting a short-term consolidation trend. Looking at the daily chart, considering the significant drop in the previous main chart candlestick, a large gap has formed between the price and the 5-day moving average. Furthermore, the price has fallen to near the lower Bollinger Band, which hasn't shown a clear opening, indicating strong short-term support. The gap in the main chart also urgently needs to be filled. Therefore, for the early morning session, we expect a technical rebound. Note that this rebound is merely a technical correction; after the consolidation ends, the market will likely continue its downward trend with increased volume. Therefore, the recommended strategy is to first buy on dips, and then consider shorting after the rebound and consolidation are complete. Specific entry points are as follows: BTC: Buy at 87500-87000, target 89000; ETH: Buy around 2890-2870, target 2960. These are my personal trading suggestions for the early morning session. Market conditions change rapidly, and this article has a certain time lag; please refer to real-time guidance for specific information.