From a technical perspective, the daily KDJ and MACD of Bitcoin are gradually shrinking in their gains, and trading volume is also decreasing. This can be seen on the 12-hour cycle as well—the indicators are contracting. Although the BOLL bands are still open, the upward momentum is clearly weakening.
Key levels: the short-term MA5 has already turned downward, while MA10 and MA30 remain strong. The price is trading below MA5, showing a red TD1 signal, indicating that the correction trend is continuing—mainly a continuation of yesterday’s pullback sentiment. Overall, there is still room for further decline in the short term.
Trading strategy remains unchanged: consider short positions on rebounds, with specific levels as follows—
Bitcoin: consider shorting in the 95500-96000 range, targeting 93500
Ethereum: short around 3310-3330, with a target of 3230 below
These are just my personal evening observations; please use them for reference only.
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ProposalDetective
· 5h ago
You're already talking about moving averages and indicator shrinkage again; I'm tired of this spiel. How's the short position at 95,500 from last time doing now?
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MeaninglessGwei
· 9h ago
The indicator is shrinking, even the MA5 has reversed. This wave is indeed a bit weak, and there's still some short-term room to grow.
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GasFeePhobia
· 01-17 13:30
Another short position again. Will I get trapped again this time? It feels like the MA5 reversal signal is a bit lagging.
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AirdropHunter420
· 01-17 13:27
It's starting to shrink again, and this wave might really drop. I'm still holding a short at 95800, waiting for the target of 93500.
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just_vibin_onchain
· 01-17 13:23
MA5 has reversed, and this wave still needs to go down a bit more.
#数字资产市场动态 $BTC $ETH $BNB
Evening Market Review on January 17th
From a technical perspective, the daily KDJ and MACD of Bitcoin are gradually shrinking in their gains, and trading volume is also decreasing. This can be seen on the 12-hour cycle as well—the indicators are contracting. Although the BOLL bands are still open, the upward momentum is clearly weakening.
Key levels: the short-term MA5 has already turned downward, while MA10 and MA30 remain strong. The price is trading below MA5, showing a red TD1 signal, indicating that the correction trend is continuing—mainly a continuation of yesterday’s pullback sentiment. Overall, there is still room for further decline in the short term.
Trading strategy remains unchanged: consider short positions on rebounds, with specific levels as follows—
Bitcoin: consider shorting in the 95500-96000 range, targeting 93500
Ethereum: short around 3310-3330, with a target of 3230 below
These are just my personal evening observations; please use them for reference only.