#美国消费者物价指数发布在即 Bitcoin and Ethereum January 14 Early Morning Trading Strategy



Take a look at the market, $BTC is currently in a clear upward trend. From a technical perspective, the moving average system is well aligned, showing obvious bullish features. The recent engulfing pattern also provided several confirmation signals, indicating the short-term continuation of the upward momentum.

However, to be honest, the price is approaching the strong resistance level at 94,760. The energy at this level is clearly weakening, and market sentiment has already reached overbought levels, so a pullback may occur in the near future. In this situation, a rebound strategy is more prudent.

Trading references:
- $BTC can rebound around 93,600-94,000, targeting near 92,000-91,500
- $ETH can follow the range of 3,190-3,220, with targets around 3,120-3,080

Additionally, keep an eye on the release of US economic data, as such positive or negative news often leads to a shift in market rhythm. Maintaining a flexible approach in the short term is quite important.
BTC4,46%
ETH7,05%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
OldLeekNewSicklevip
· 9h ago
It's another rebound operation with the risk of overbought conditions, sounds like you're just leaving yourself an escape route, haha.
View OriginalReply0
SolidityJestervip
· 9h ago
The 94760 resistance level is back. Will it really break through this time or will it pull back again? Anyway, I don't dare to chase the high.
View OriginalReply0
AirdropHustlervip
· 9h ago
94760, there's really no room at this level, it feels like a dump could happen at any time.
View OriginalReply0
FastLeavervip
· 9h ago
Another rebound operation, I'm tired of hearing it... Is overbought really that accurate?
View OriginalReply0
ImpermanentPhobiavip
· 9h ago
94760, this position really can't hold anymore. I bet fifty cents that when the CPI data is released, there will be another plunge.
View OriginalReply0
MEVSandwichvip
· 9h ago
94760, this resistance level feels a bit weak. Be cautious if the momentum wanes.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)