1.14 Morning Thoughts
Yesterday saw another round of market fluctuations. Bitcoin rose to around 96,000, then dropped to around 91,000 with a 2,000 point decline before continuing to rise, currently around 94,400.
From the one-hour chart perspective, the K-line is under pressure from the Bollinger Bands, with the MA5 and MA10 moving averages forming a golden cross, and the momentum indicator showing an increase in volume.
Morning Operations:
Bitcoin pullback around 93,800—93,000
Target around 95,000—96,000
Ethereum pullback around 3,100—3,070
Target around 3,170—3,220
For entertainment purposes only, not intended as advice
