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January 12th, Monday Morning Market Overview: Bitcoin and Ethereum Technical Analysis
From the candlestick chart, the KDJ lines are stuck below 50, and the J line is starting to turn downward, indicating that the momentum of this rally is waning; the MACD green bars are shrinking and about to turn red, suggesting that the bearish pressure is easing slightly, but trading volume has not yet shown a significant increase. Currently, the market is oscillating and gradually building a base, and after consolidation, a rebound is expected.
Morning trading strategy: Identify key support levels for positioning; the main approach is to buy on dips and remain bullish.
Specific directions:
• Bitcoin ($BTC): Consider going long in the 90000-90600 range, with a target of 92900
• Ethereum ($ETH): Go long in the 3080-3100 range, with a target of 3240