2026-01-18 17:22:54

Last week, our positions around 94,200 for Bitcoin and 3,270 for Ethereum have remained relatively stable. After a weekend correction, Bitcoin is currently fluctuating around 95,000, while Ethereum is near 3,330. Volatility has decreased, so we will continue to adopt a light position and cautious approach.

From the four-hour chart of Bitcoin, the candlesticks have been moving along the middle to lower Bollinger Bands, with the range gradually shifting downward. The Bollinger Bands are narrowing. The MACD indicator is relatively weak, with the fast and slow lines converging downward, indicating an ongoing bearish trend. Looking at the one-hour chart, although there was a series of bullish candles pushing higher, the subsequent candles faced resistance at the middle band, with the bullish body shrinking, showing that buying momentum is weakening. Overall, the market is still likely to remain weak in the near term.

In terms of trading strategy, focus on the 95,100-95,400 range for Bitcoin, with support around 94,400. For Ethereum, the resistance level is at 3,350, and support is at 3,310. It is recommended to wait for a breakout confirmation before making further decisions.

ETH-3.22%

BTC-2.57%

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CryptoGoldmine

· 14h ago

The order placed at 94200 is still in floating profit, indicating that the timing was indeed right. However, this kind of narrowing consolidation requires patience to wait for a breakout. Trying with a small position is the right approach. Instead of chasing high, it's better to wait for a confirmed breakout and then enter the second wave. Currently, the hash rate gains are not yet ideal. The Bollinger Bands narrowing is often a signal; it depends on whether the 94400 level can hold. If it breaks below, that will be the real opportunity for a low buy-in. The phenomenon of consecutive weak bullish days has been seen too many times. The rebound is a good opportunity to sell off. Let's continue to observe the performance of 3310.

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ContractExplorer

· 14h ago

When the Bollinger Bands narrow, I know something's about to happen. This round of market movement is indeed very timid. I entered at 94200 and am still floating with profits, but I'm too impatient and tend to chase highs, I need to fix this bad habit. Wait, how long is this light position testing supposed to go on? It feels like it's just dragging on and on. If Bitcoin can't break 95400, I'll just give up on trading. Ethereum needs to hold the support at 3310, or there will be another round of downward pressure. With such strong bears, why dare to trade? I choose to lie flat and watch. I feel there will be variables next week; let's see a breakout first before taking action. The MACD indicator isn't very reliable now either; I'm really starting to not understand the market.

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ContractTester

· 14h ago

Are you tightening your stance again? This wave is really weak, maybe just take a small position to test the waters.

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PrivacyMaximalist

· 14h ago

Bollinger Bands narrowing + MACD weakening, I’m familiar with this signal, it’s that kind of silent moment before a big move. Trying with a small position is indeed safe, but the 95,000 level is really tough to break. I wish I had just bought at 95,100 last week.

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