1.7 Wednesday Bitcoin and Ethereum Evening Analysis

Bitcoin, after reaching a high of 94,700, has recently experienced a noticeable pullback. From the current trend, the momentum of this rally has weakened and it has failed to stay above the upper band of the Bollinger Bands.
On the four-hour timeframe, it has touched the middle band of the Bollinger Bands and briefly dipped below it. The attack and defense lines of the Bollinger Bands have crossed and turned downward, indicating a possible further downtrend in the short term. The next focus will be on whether the middle band support remains effective. Currently, no clear unilateral trend has formed. Therefore, during the pullback, a small position can be taken to attempt a rebound trade.
Bitcoin is recommended to look for a long around 91,500 targeting 93,000, Ethereum around 3,170 targeting 3,300.