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Thursday, 1.29, Midday Bitcoin / Ethereum Market Analysis
Looking at the 1-hour chart for Bitcoin, after reaching around 90,600, it experienced a correction and consolidation. On the technical indicators, the MACD histogram is shrinking, and the KDJ indicator has turned upward and formed a golden cross.
Ethereum is not as strong as Bitcoin; it corrected after reaching 3,045. Partners, do not rush; there are upward opportunities ahead. On the technical side, the lower band of the Bollinger Bands provides support compared to the price, and the RSI indicator is about to rebound. Overall, it remains advisable to stay cautious today.
Personal suggestions:
Bitcoin can move north around 87,800-87,000, with targets of 89,000-90,000.
Ethereum can move north around 2,920-2,900, with targets of 3,050-3,090.