Morning Thoughts on January 8
In the Bitcoin market, the daily chart shows a bullish candlestick pattern, closing near the upper Bollinger Band, which is expanding upward. The MACD moving average is steadily rising, indicating that bullish momentum is continuously strengthening, and the KDJ line is also moving upward, showing strong upward momentum. On the 4-hour chart, the Bollinger Band is narrowing upwards, with prices maintained above the middle band. Although the MACD moving average remains upward, bullish volume has begun to show signs of contraction, and the KDJ line is gently declining, suggesting that the rate of short-term increases may slow down, and the market may enter a short-term adjustment phase. Regarding Ethereum's trend, the daily chart also shows a bullish candlestick closing near the upper Bollinger Band, which is expanding upward. The MACD moving average extends upward, with continuous release of bullish momentum, and the KDJ line remains upward, overall showing a bullish pattern. However, the situation on the 4-hour chart has changed; the Bollinger Band is tending towards a flat operation, with the MACD moving average gently declining, and bearish momentum is beginning to show signs, with the KDJ line also moving downward, indicating that there may be some retracement pressure in the short term, and market sentiment has shifted, with bearish forces beginning to gradually show their influence.
Bitcoin: 95800-96600 Long Target 97500-98300
Ethereum: 3330-3380 Long Target 3420-3470
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