1.15 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

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Currently, Bitcoin's market momentum and fundamentals are both on the rise. Bitcoin's strong support is at 94,500, with resistance at 98,000. A breakout is imminent, and once it turns into support, a rally towards 100,000 may begin. Institutional allocations continue to deepen, with spot Ethereum management scale growing disproportionately. After a short-term strong breakout, it is consolidating at high levels. Bulls are dominant, but selling pressure before 98,000 USD is emerging.
On the 4-hour chart, Bitcoin shows a bullish pattern but with converging momentum. High-level oscillation is digesting, and in the short term, it's a battle between bulls and bears. As long as the pullback does not break below 96,000, the upward trend will continue. The Bollinger Bands are opening upward, with the price oscillating around the middle and upper bands. High-level oscillation with volume breakout suggests tonight's price may break through 100,000. It is recommended to look for bullish opportunities on dips.
For Bitcoin, consider going long on a pullback to 96,500-96,300, watch for above 97,800.
For Ethereum, look for a long position between 3,340-3,320, with attention to above 3,400.