January 15th Thursday Market Analysis and Trading Ideas

Last night, Bitcoin experienced a short-term correction after a rally, then quickly rebounded, reaching around 98,000 at one point, before entering a consolidation phase. Our long positions set up in the evening also successfully took profits at several levels.

Looking at today’s market, the enthusiasm among bulls is somewhat calmer compared to yesterday, but overall, the price still remains steadily within the upward channel, and the candlestick patterns are still quite solid. In the short term, there are no major positive catalysts in the fundamentals, so we continue to adhere to our previous bullish outlook.

During the day, the market is expected to continue oscillating and consolidating, accumulating energy for further upward moves. The trading suggestion is to continue adding long positions when the price pulls back to support levels, as short-term opportunities are still present.

Specific operational references:
Bitcoin can be bought on dips within the 96100-96600 range, aiming for a target of 98900.
Ethereum can be bought on dips within the 3310-3330 range, aiming for a target of 3470.