Two pancakes 3350 in 3278 out, gained 72 points, earned 30,000 oil

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.

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