Bitcoin and Ethereum Trading Recommendations and Future Trend Analysis (January 23): The current market is exhibiting a clear range-bound trading pattern, with prices fluctuating between 87250 (strong support) and 90321.22 (strong resistance). Technically, although the moving average system shows a bearish alignment, indicating a generally weak trend, weakening momentum and a bullish engulfing candlestick pattern suggest a possible short-term rebound or continued consolidation. The convergence of key support and resistance levels further reinforces the current market's sideways movement. The market is currently in a range-bound state, with prices near the strong support level of 87250, and the candlestick pattern showing a bullish engulfing signal suggests a possible rebound. Therefore, buying on dips near the support level is a reasonable choice in line with the consolidation pattern. The subsequent trading recommendation is to buy on dips: Bitcoin around 88000-88500, with a target of 90000-90500; Bitcoin II around 2900-2920, with a target of 3000-3050.
Bitcoin and Ethereum trading suggestions and future trend analysis for the early morning: 1/23
2026-01-22 17:01:34
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