1.14 Afternoon Bitcoin and Ethereum Trading Suggestions and Directions

During midday, we entered a long position around 95,500 near the orange zone. Currently still holding, with some profit already realized. Conservative traders can consider exiting now, while others may continue to watch for further movement. The short-term market has been dominated by a series of downward candles, indicating a clear correction trend. The slow retracement trend is evident. From the current chart, on the 1-hour timeframe, the‌ BOLL indicator‌ shows the price falling from the upper band back toward the middle band, with the bands narrowing and the opening closing, indicating short-term volatility. The‌ KDJ indicator‌ shows the three lines diverging downward, suggesting weak short-term momentum and potential correction pressure. The‌ RSI indicator‌ has already fallen from high levels, indicating reduced buying strength. The upper and middle Bollinger Bands can serve as short-term resistance and support levels. If the previous high cannot be broken, a double top pattern may form. Overall, the market is still in a correction phase, with short-term buying momentum weakening. Therefore, the afternoon trading strategy should continue to focus on long positions around the orange zone.
For Bitcoin, around 94,600 to 95,100 can be considered for long entries, with attention to 93,000.
For Ethereum, around 3,320 to 3,350 can be considered for long entries, with attention to 3,250.