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Wednesday Night Session Observation on January 14:
From a technical perspective, the bullish momentum on the daily chart is still ongoing, with moving average alignment remaining a classic bullish pattern. The indicator in the attached chart also shows several signals favoring a long position. Most importantly, the market has not experienced a significant pullback, and the upward trend appears quite robust.
On the 4-hour chart, the pace has become somewhat narrow-range. Bulls and bears are repeatedly battling, but the fluctuations are not large, and no clear reversal signs are visible on the chart. Overall, the market is still in a consolidation phase with a gradual upward trend.
Since the market is operating within this framework, the trading strategy should continue to favor buying on dips. Pullbacks are good opportunities to add positions gradually. Currently, the market is consolidating at high levels, and the candlestick patterns still lean towards bullishness. It’s safer to continue buying near support levels. Looks like there’s a chance around noon! 🛫
Specific levels for reference:
$BTC can try around 94500-94000, with targets at 95600-96400
$ETH around 3270-3250, with targets at 3320-3350