January 7th Bitcoin and Ethereum Morning Public Strategy
The four-hour moving averages are bullishly diverging, but the daily MACD histogram is shrinking, indicating a short-term correction is needed. Resistance is focused on the previous high area of 94500-95000, while support levels are sequentially at 91200-90000.
Bitcoin: Rebound around 91800-92300 to enter a long position, target 94000-94500
Ethereum: Rebound around 3180-3210 to enter a long position, target 3270-3300
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January 7th Bitcoin and Ethereum Morning Public Strategy
The four-hour moving averages are bullishly diverging, but the daily MACD histogram is shrinking, indicating a short-term correction is needed. Resistance is focused on the previous high area of 94500-95000, while support levels are sequentially at 91200-90000.
Bitcoin: Rebound around 91800-92300 to enter a long position, target 94000-94500
Ethereum: Rebound around 3180-3210 to enter a long position, target 3270-3300
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