January 22 Morning Bitcoin and Ethereum Trading Suggestions and Directions

From the current market situation, Bitcoin briefly touched the 90,000 level in the early hours but did not stabilize, and then retreated to refresh the short-term low at around 87,200 to halt the decline. The current market shows a V-shaped reversal. On the 4-hour chart, the Bollinger Bands are converging, with the three bands continuing to decline. The MACD is operating below the zero line with the two lines converging, and there are signs of decreasing red momentum. On the 1-hour chart, Bitcoin has rebounded from a low to the 90,000 level, trading below the upper band. The middle and upper Bollinger Bands show an upward trend. After a strong dip in the early hours, a consecutive rebound occurred, but short-term resistance at the upper band remains, causing the rally to stall after reaching the key level. From a technical perspective, the KDJ indicator shows a golden cross between the K and D lines, but the J value has entered the overbought zone, indicating a short-term pullback is needed. The MACD remains low, but the histogram has shifted from negative to positive, weakening the bearish momentum. In the short term, it is gradually stabilizing above the key level. Ethereum is moving in sync with Bitcoin, showing an initial trend of a rebound and rally. Therefore, Zhao Laozhao's morning trading advice is to focus on buying on dips.

Around 87,200–88,000 for Bitcoin, consider going long with targets near 90,000–91,500.
Around 2,980–3,000 for Ethereum, watch for 3,100.