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1.21 Wednesday Bitcoin and Ethereum Afternoon Analysis
Bitcoin daily chart shows a significant downward trend, with 4-hour candlestick charts continuously closing lower and lows steadily decreasing. Although there are signs of a slight rebound, the MACD indicator remains below the zero line, with DIF and DEA diverging downward, indicating that bearish momentum continues to dominate the market; the RSI indicator is approaching the oversold zone, suggesting a short-term rebound possibility.
Watch around 88,000 near 89,500 for Bitcoin
Watch around 2,850 near 2,980 for Ethereum
#BTC #ETH #BNB