January 22 Midday Thoughts:

A deep analysis of the 15-minute candlestick chart can accurately insight into the short-term dynamics of the market. From the Bollinger Bands indicator, the current middle band value stabilizes at 105991, the upper band is fixed at 106610, and the lower band is at 105371. The current price is approaching the middle band of the Bollinger Bands, which clearly indicates that price fluctuations are within a relatively stable and normal range. In the framework of technical analysis, the upper and lower bands typically serve as resistance and support levels during the price fluctuation process, respectively. The KDJ indicator shows that the current values reflect that the market is in a relatively balanced state between bullish and bearish forces, accompanied by a certain degree of volatility. The bulls and bears are in a contest at this stage, and no side has formed an overwhelming advantage.

Focusing on the technical structure, the price trend exhibits a pattern of alternating regular upward and downward waves, without showing a significant one-sided upward or downward trend. This means that, in the short term, the price of the asset is likely to maintain a trend of consolidation and fluctuation. This kind of fluctuating market allows for proper wave operations.

Short position near 106000-106500 for Bitcoin, looking down to around 104000.

Short position near 3340-3360 for Ether, looking down to around 3260.

#AIAgent板块普涨 #币圈翻车日记:我的2024坑爹时刻 #特朗普就职后行情怎么走？ #比特币行情聚焦 #TRUMP市值突破 $BTC $ETH