Bitcoin performed well today, with the daily chart strongly breaking through previous highs, but encountering some resistance above. After opening, it oscillated back and forth at high levels. The Bollinger Bands are just beginning to expand, short-term moving averages are turning upward, and the fast and slow lines of the MACD are also moving upward with increasing volume. The KDJ is extending upward and crossing, while the VR indicator is consolidating around 100.
The four-hour chart is even more interesting—after forming a bottom, several consecutive bullish candles directly broke above the upper band, followed by a pullback and entering a correction phase. The Bollinger Bands are now opening like a trumpet, with short-term moving averages maintaining an upward stance. However, the MACD volume bars are starting to decrease, and the KDJ encountered resistance near 100 before turning downward. The VR is consolidating around 350.
Overall, after about four days of support testing, the bottom formation is complete, and now a strong surge past the previous high is underway. The technical outlook is generally bullish, but the resistance levels above must be closely watched. If key resistance cannot hold, the continuation of the rally is uncertain, and it’s likely to remain in a sideways range. Short-term resistance first targets the spike high, then watches the 98500 level. Support below is around 93000; if broken, the market may return to around 91000.
Ethereum is in sync with Bitcoin, also showing a strong bullish breakout above previous highs on the daily chart. The technical approach can follow Bitcoin’s logic, with key support around 3200. If the pullback holds, there’s hope for further upward testing; if broken, this strong bullish move might be a trap, and the market could revert to a previous range with oscillations. Resistance above first references the high on December 11. The short-term outlook remains unchanged, with updates to be made if a key breakdown occurs.
$BTC Trading suggestion: Long in the 93200-94200 range, target 95800-96800 $ETH Trading suggestion: Long in the 3210-3250 range, target 3330-3370
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
6
Repost
Share
Comment
0/400
DataChief
· 10h ago
This wave of Bitcoin is quite interesting. If 98,500 can't hold, then we have to watch 91,000.
Be cautious of false signals of a rally; don't be greedy before the CPI data is released.
The 3,200 level really needs to be defended, or it could be a scythe.
It feels like this round is entering another consolidation phase, with too many resistance levels.
When going long, strict stop-losses are necessary; the news sentiment is too unpredictable.
View OriginalReply0
GateUser-cff9c776
· 10h ago
Same old story... Bollinger Bands, MACD, KDJ, no matter how fancy the explanation, it doesn't change one fact—how can they be so sure before the CPI data is even out?
Wait, is this really a "strong surge breaking previous highs" or Schrödinger's bull market? We have to wait for the data to see.
Can 93,000 really hold? I bet it won't.
Feels like we're going back to last year's old script of range-bound oscillation, so boring.
The possibility of a trap is high; there's short-term risk, everyone.
According to this logic, ETH is just a pretty chart art piece now.
The next step still depends on the Federal Reserve's stance...
View OriginalReply0
LiquidationSurvivor
· 10h ago
Pay close attention to the high point of the pin insertion area, don't get caught in another trap of false breakout.
If BTC can't hold at 98,500 this time, I'll admit defeat. Anyway, if it breaks below 93,000, just cut losses immediately.
There are no significant positive news, and with CPI coming out, it might get hammered again. Stay cautious this week.
ETH follows the trend; if it can't hold 3,200, don't chase it, really.
Small-scale testing orders are more stable. The current market is full of twists and turns; if you get too emotional and go all-in, it’s over.
If the level breaks, just run. Don’t be greedy. This is my last lesson of the year.
The technicals look good, but a better mindset is necessary. Don’t let the indicators deceive you.
The analysis of resistance levels is quite detailed, but I don’t know if the live market will follow suit.
The 93,000 line is truly a life-and-death line; if it breaks, it will be chaotic.
The market hasn't decided whether to rally or shake; I’ll reduce my position first and see. Capital preservation is the hard truth.
View OriginalReply0
zkProofGremlin
· 10h ago
Bitcoin's recent move does seem a bit interesting, but I think we still need to wait for the CPI release to see how it goes.
Emm, is the 93,000 level really that important? It feels like every time we say that, the market just keeps oscillating.
I'm tired of hearing the term "trap up." Why not just say the market is unpredictable?
? I can't bet against it, not within a month.
I'm a bit unsure about this recent surge. Maybe I should wait and see before jumping in.
Ethereum is following Bitcoin; when will it be able to move independently?
No change in the short term? That means it could change at any time. I’ve memorized this phrase.
Resistance levels, resistance levels—why do they never hold back the market?
If 3200 can't be defended, then it’s really a trap up. At that point, they'll be calling for a bear market again.
It feels like this round of the market depends entirely on the CPI face; technical analysis is useless.
View OriginalReply0
MidnightSeller
· 10h ago
Be careful around the high point of the insertion pin, feels like a retracement could come at any time.
93000 is really a life-and-death line; if broken, just liquidate and run.
Before the CPI data is released, this market is too volatile, sometimes bullish, sometimes bearish.
You said the word "trap" correctly; last time I was cut like this.
If ETH can't hold 3200, it's really over; don't talk about subsequent tests.
The shrinking volume of Bitcoin signals something is off; it feels like someone is offloading.
Is 98500 really feasible? It keeps getting stuck here every time.
If this wave really opens up like a trumpet mouth, it will be interesting; it might surge.
Resistance levels are one after another; going up will be tough.
Without some change in the short term, the market would have already changed.
View OriginalReply0
CexIsBad
· 10h ago
This rally feels a bit fake; once the CPI data is released, it might all be for nothing.
The atmosphere of诱多 (fake bullish signals) is getting stronger and stronger. I think I'll stay in cash and watch for now.
Is the 93,000 level really that strong? Breaking it seems quite normal.
Whether Bitcoin can stay above 96,800 this wave depends on the Fed's stance; technicals are just illusions.
The same old trick of following the trend with Ethereum—it's been played like this in previous years.
Honestly, the volume-dryup rally is the most虚 (fake); it will inevitably retrace.
The rate hike expectations haven't materialized yet. Chasing highs now makes you the bagholder.
A trumpet mouth opening usually isn't a good sign; get ready to cut losses.
Wait a bit longer before acting; CPI is the real game-changer.
#美国消费者物价指数发布在即 January 14 Market Observation
Bitcoin performed well today, with the daily chart strongly breaking through previous highs, but encountering some resistance above. After opening, it oscillated back and forth at high levels. The Bollinger Bands are just beginning to expand, short-term moving averages are turning upward, and the fast and slow lines of the MACD are also moving upward with increasing volume. The KDJ is extending upward and crossing, while the VR indicator is consolidating around 100.
The four-hour chart is even more interesting—after forming a bottom, several consecutive bullish candles directly broke above the upper band, followed by a pullback and entering a correction phase. The Bollinger Bands are now opening like a trumpet, with short-term moving averages maintaining an upward stance. However, the MACD volume bars are starting to decrease, and the KDJ encountered resistance near 100 before turning downward. The VR is consolidating around 350.
Overall, after about four days of support testing, the bottom formation is complete, and now a strong surge past the previous high is underway. The technical outlook is generally bullish, but the resistance levels above must be closely watched. If key resistance cannot hold, the continuation of the rally is uncertain, and it’s likely to remain in a sideways range. Short-term resistance first targets the spike high, then watches the 98500 level. Support below is around 93000; if broken, the market may return to around 91000.
Ethereum is in sync with Bitcoin, also showing a strong bullish breakout above previous highs on the daily chart. The technical approach can follow Bitcoin’s logic, with key support around 3200. If the pullback holds, there’s hope for further upward testing; if broken, this strong bullish move might be a trap, and the market could revert to a previous range with oscillations. Resistance above first references the high on December 11. The short-term outlook remains unchanged, with updates to be made if a key breakdown occurs.
$BTC Trading suggestion: Long in the 93200-94200 range, target 95800-96800
$ETH Trading suggestion: Long in the 3210-3250 range, target 3330-3370