On the daily chart, Bitcoin rose to around 98,000 before encountering resistance and falling back, closing lower. Based on the previous consolidation range, the top of the range at 94,500 is now a strong support level. Short-term support is seen at 95,500, with resistance at 97,000. A break above this level would likely lead to 100,000. Ethereum rose to around 3400 before encountering resistance and falling back, closing lower. As mentioned yesterday, the breakout was not very significant. Support is seen at 3280, with resistance at 3350-3400. A break below this level could lead to 3600. On the 4-hour chart, both Bitcoin and Ethereum show signs of a pullback. Support levels are 95,000 for Bitcoin and 3280 for Ethereum. A break below these levels could lead to 94,500-94,000 for Bitcoin and 3200-3170 for Ethereum. Long positions in Bitcoin opened yesterday have a chance to take profit, while long positions in Ethereum have exited with a small profit. This was also mentioned in the comments section. Consider shorting for a pullback. Trading strategy: Short Bitcoin at 95500-96000, target 94500-93500, stop loss above 97000; Short Ethereum at 3300-3330, target 3250-3200, stop loss above 3380. Strategies are time-sensitive; please refer to the homepage for details and receive private real-time guidance.
1.16 Bitcoin and Ethereum Trend Analysis and Trading Strategy!
2026-01-16 10:20:40
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