Bitcoin January 6th Intraday Market Analysis

From a weekly perspective, the KDJ and MACD indicators are currently oscillating around the middle axis, and the BOLL upper band has opened up, with the entire band continuing to oscillate upward. In the main chart, the MA10 has made a strong upward turn, while the MA5 is slightly weakening (the divergence between the 5-day and 10-day moving averages suggests that the ultra-short term may still oscillate sideways, meaning the intraday market on Monday or Tuesday will likely oscillate in the 3600-3650 range). However, overall, the weekly price of Bitcoin is still above the 5-day moving average. The key now is whether it can stabilize; if it does stabilize, the market will continue to expand in volume, and Ethereum will be on the path to the key resistance area of 4116-3972, which is the annual high point.

In terms of Bitcoin, its technical trend is relatively stronger than Ethereum's, and the current price is approaching the 100,000 mark. Based on the current trend, Bitcoin is expected to challenge historical highs again this month, which will naturally have a ripple effect on Ethereum as well.

Looking at the daily perspective, today the KDJ and MACD have shown a golden cross and are resonating upward. The price of Ethereum has risen to the upper band of the BOLL, then pulled back sharply. This indicates that, without an opening at the upper band, the short-term upward space is quite limited, so the intraday trend is expected to oscillate around the resistance level (currently waiting for the upper band to open; if the upper band continues to press down, everyone needs to be prepared for ultra-short-term trading). In the main chart, the MA5 and MA10 moving averages continue to rise, and Ethereum's price can be confirmed to be stable above the three-day moving averages, so the intraday trend is expected to lean towards a primary upward oscillation.

Summary: The outlook for this week's trend remains unchanged. As long as Ethereum can stabilize above 3650 in the short term, mainstream cryptocurrencies will likely experience bullish resonance or accelerated volume expansion. Bitcoin is expected to challenge historical highs again this month, while Ethereum will aim for the key pressure area of 4116-3972, which is the annual high point for 2024.

As for today's intraday estimate, Ethereum is still likely to oscillate upward sideways. Currently, we are watching when 3650 can stabilize (it is important to pay attention to the opening situation of the daily BOLL upper band; if the BOLL upper band continues to press down, those trading in the ultra-short term may consider taking profits and switching hands, and then wait for the adjustment to end before entering at a lower price).