The weekend volatility has ended. This morning, BTC once again approached the 90,000 level, facing resistance. The resistance has turned into support, and a surge with increased volume pushed it directly to 92,000. ETH's rally this morning broke the 3,150 resistance level. Currently, the market is in a strong bullish trend. The 4-hour volume is clearly diminishing and needs to continue increasing. The daily level resistance has turned into support. ETH is currently in a capital concentration zone. It is recommended to go long at the lows and short at the highs at the following levels. Volume divergence: MACD is trying to form a golden cross but lacks volume support, a typical "no-volume rally" with a range of 3,180-3,200, filled with trapped positions from recent high chasing. BTC trading suggestion: Short at 92,300-92,800, take profit at 91,000, stop loss at 93,500. Long at 90,600-91,000, take profit at 92,000, stop loss at 89,500. ETH trading suggestion: Short at 3,170-3,200, take profit at 3,100, stop loss at 3,230. Long at 3,090, take profit at 3,160, stop loss at 3,060.
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1.12 Monday Midday Market Analysis
The weekend volatility has ended. This morning, BTC once again approached the 90,000 level, facing resistance. The resistance has turned into support, and a surge with increased volume pushed it directly to 92,000. ETH's rally this morning broke the 3,150 resistance level. Currently, the market is in a strong bullish trend. The 4-hour volume is clearly diminishing and needs to continue increasing. The daily level resistance has turned into support. ETH is currently in a capital concentration zone. It is recommended to go long at the lows and short at the highs at the following levels.
Volume divergence: MACD is trying to form a golden cross but lacks volume support, a typical "no-volume rally" with a range of 3,180-3,200, filled with trapped positions from recent high chasing.
BTC trading suggestion: Short at 92,300-92,800, take profit at 91,000, stop loss at 93,500. Long at 90,600-91,000, take profit at 92,000, stop loss at 89,500.
ETH trading suggestion: Short at 3,170-3,200, take profit at 3,100, stop loss at 3,230. Long at 3,090, take profit at 3,160, stop loss at 3,060.