1.13 Tuesday midday Bitcoin / Altcoin Silk Road

Yesterday's trend was completely in line with expectations. Bitcoin reached the target level of around 92,500 twice, and altcoins also broke above 3,970-3,950. It's just unclear whether everyone managed to catch these two waves.

Now, let's return to the market. From the current perspective, the momentum has clearly strengthened, and the confrontation between the bulls and bears is intense. At this position, I personally believe that choosing a suitable opportunity to go north is much more cost-effective than going south.

On the four-hour chart of Bitcoin, the Bollinger Bands are tightening, and the price has been consistently running along the upper band. The MACD green bars continue to expand. The RSI indicator for altcoins has shown an upward turn. Although the trend is weaker than Bitcoin's, with a proper opportunity and the lead of the big players, there should still be no big problem.

Personal suggestion, for reference only ( strictly set defensive measures.
Bitcoin can go north around 90,500-89,200, with targets of 92,500-93,500.