January 22 Morning Thoughts:
From the daily chart, Bitcoin is currently showing a bullish candle, with the highest price approaching 110,000. The current resistance level is between 108,000 - 110,000, and the support level is between 106,000 - 104,000. If the daily closing price is above 106,000, it indicates a significant breakout, and there is a high probability that the price will continue to rise; if it fails to break above this level, the price may undergo a substantial correction. Ethereum also shows a bullish candle on the daily chart, with recent fluctuations of around 10%, and the volatility range is between 3,450 - 3,150. After the price broke below 3,350, it has not been able to effectively stabilize at that level, so the current resistance level is between 3,350 - 3,450, and the support level is between 3,220 - 3,150. Once there is a breakout, further trading can be considered.
Next, looking at the 1-hour candlestick chart, the price dropped close to the lower Bollinger Band near the 100,000 mark yesterday morning and rebounded quickly. The previously planned low-long strategy was effectively triggered, yielding significant gains. Currently, the Bollinger Band channel at this level continues to expand upwards, with the upper band significantly elevated and coinciding with the EMA220 moving average; this overlapping area can be considered as the first support level below.
As for the resistance level above, the target is set in the dense chip area, specifically the range of 107,000 - 108,500. If attempting a high short position today, it is advisable to focus on this range, as setting short positions here is relatively ideal.
Looking at the MACD indicator, it is currently expanding again above the zero line, which strongly indicates that the bulls still have further room for expansion, and the market's bullish strength remains robust.
Bitcoin long positions near 104,600-105,000, targeting around 108,000.
Ethereum long positions near 3,270-3,300, targeting around 3,350.
