Bitcoin and Ethereum latest market trend analysis: 1/25 The current market is in a low-volatility range-bound state, with prices hovering between the key support level 88136 and resistance level 89489.84. Technical indicators show a bearish alignment, but shrinking trading volume indicates insufficient downward momentum. Meanwhile, a hammer candlestick pattern appears near the support level, suggesting potential bullish reversal, but further confirmation of the resistance breakout's validity is needed. Additionally, the Bollinger Bands are narrowing and RSI sentiment remains balanced, further confirming the market's lack of a clear short-term direction. Given the current low-volatility range-bound state and the strong support at 88136, prices may find support and rebound in this area. Therefore, a strategy of buying near the support level is appropriate, aligning with current market characteristics. You can go long around 87500-88000 with a target of 89500-90000, and also consider going long around 2900-2920 with a target of 3000-3050.
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Bitcoin and Ethereum latest market trend analysis: 1/25 The current market is in a low-volatility range-bound state, with prices hovering between the key support level 88136 and resistance level 89489.84. Technical indicators show a bearish alignment, but shrinking trading volume indicates insufficient downward momentum. Meanwhile, a hammer candlestick pattern appears near the support level, suggesting potential bullish reversal, but further confirmation of the resistance breakout's validity is needed. Additionally, the Bollinger Bands are narrowing and RSI sentiment remains balanced, further confirming the market's lack of a clear short-term direction. Given the current low-volatility range-bound state and the strong support at 88136, prices may find support and rebound in this area. Therefore, a strategy of buying near the support level is appropriate, aligning with current market characteristics. You can go long around 87500-88000 with a target of 89500-90000, and also consider going long around 2900-2920 with a target of 3000-3050.