Market Analysis for January 23
Four-Hour Level
$BTC : After a continuous decline testing the support level, the price entered a narrow range consolidation at low levels, showing a phased buildup; Bollinger Bands are narrowing, indicating balanced short-term bullish and bearish momentum. The consolidation phase will soon lead to a directional breakout.
$ETH : Simultaneous oscillation with narrowing Bollinger Bands, price hovering around key support levels, bearish momentum gradually weakening. Overall, following BTC for a breakout, with long shadows indicating intense bullish and bearish battle