January 10 Morning Thoughts
Dear students, good morning. The Bitcoin daily chart has closed in the red for two consecutive days, with the Bollinger Bands showing an upward closing trend. The MACD moving average continues to descend, and bearish pressure is being released continuously, while the KDJ line is slowly moving upward. On the four-hour chart, the Bollinger Bands have started to close downward; however, the price has rebounded above the middle band. At this moment, the MACD moving average is beginning to turn upwards, and bullish energy is gradually increasing, with the KDJ line also showing an upward trend. Regarding Ethereum, the daily chart shows alternating bullish and bearish movements, approaching around 3335. The Bollinger Bands have started to expand upward, with the MACD moving average and KDJ line rising in sync, and bullish energy continuing to expand. The four-hour chart also shows that the Bollinger Bands are widening, the MACD moving average is climbing upwards, bullish energy continues to be released, and the KDJ line is steadily moving upward.
Bitcoin: 91700-92500 long Target 93100-93900
Ethereum: 3160-3200 long Target 3240-3280