1.14 Wednesday Morning Bitcoin / Ethereum Market Update

Just now, Bitcoin surged to 96,800, and Ethereum also broke above 3,380. Although the rapid rise was somewhat unexpected, it was entirely in line with expectations. The day before yesterday, I reminded everyone that the market would soon give a direction, and yesterday I also warned that the risk-reward ratio of heading north was far better than heading south. I have been consistently advising to go north, and now this has been perfectly validated.

Now, let's return to the market scene. From the current perspective, after Bitcoin surged to 96,800, it quickly pulled back. The white market may fluctuate around 96,000 to 95,000 before possibly filling the gap above 94,000 and launching an upward attack. Ethereum's movement is not much different from Bitcoin's; the market can move in sync.

Regarding technical indicators, the current KDJ indicator has turned downward, forming a death cross, and RSI is also in the oversold zone. Partners should be cautious about chasing the rally; it’s better to wait for a pullback before going north.

Personal suggestions:
Bitcoin can go north around 94,500-93,500, targeting 96,000-97,000.

Ethereum can go north around 3,280-3,240, targeting 3,360-3,400.