January 8th Midday Market Analysis

From last night to early this morning, Bitcoin and Ethereum experienced intense volatility with "sharp rises followed by pullbacks + rapid rebounds." Currently, both are in a high-level consolidation phase, with bulls and bears focusing on key support and resistance levels.
Looking at the 4-hour chart, the price has shown signs of rebound after touching the lower band, indicating that the support below remains relatively strong. As long as it does not break below the lower band, a slight correction is expected. Combining this with the 1-hour chart, which has already formed five consecutive bullish candles reaching the middle band and beginning to retrace, suggests that this trend is still testing the lower support levels. Moving forward, we will use the lower band as support, with a strategy centered around low buy-ins and high sell-offs!
BTC Trading Suggestion: Buy near the 90500-90000 range on pullbacks, with targets at 91500-92000. Consider short positions on reversals, with a stop-loss at 89600.
ETH Trading Suggestion: Buy near the 3130-3100 range on pullbacks, with targets at 3170-3200. Short positions can be taken at 3200-3230 on reversals, with a stop-loss at 3070.