1.7 Wednesday Bitcoin and Ethereum Early Morning Analysis

The current market performance is somewhat dull, with the overall chart showing a sideways pattern. Day trading remains at relatively low levels, with no clear breakout signs. Although there were several attempts to push higher in the evening, the highest reached only 94,450, failing to break the target of 95,000. The forces of bulls and bears continue to tug at each other.

In the 4-hour Bitcoin chart, the bullish momentum has significantly strengthened, with moving averages arranged in a bullish alignment. The main capital inflow is evident, and the pullback phase can be seen as a good entry point.

Bitcoin remains bullish around 94,000, Ethereum around 3,330.