January 6 Morning Bitcoin and Ethereum Trading Suggestions and Direction Sharing


Guided by the trend, anchored by the value anchor, life is like waves; the trend is the confidence in navigation. Trust Lao Zhao, like a helmsman trusting the tide's rhythm, with heartbeat-accelerating decisions often hiding the secrets of the market. Our early morning bullish outlook was once again validated. We suggested entering at Bitcoin around 93,566, and Ethereum around 3,175. Once the price surged to 94,562/3,252, we decisively exited, capturing over 1,000/77 points of profit. Lao Zhao's strategy is like a shining light in the dark night—don't fear the strong wind; the tide's fish are unpredictable, and the deep waves. The stars do not ask about the long night; the course is set, and the waves will carry you ashore.

From the current market perspective, on the 4-hour chart, after a rebound to near 94,700 following a series of evening gains, the price faced resistance and gradually declined. It is now trading below the upper band, without expanding the Bollinger Bands. The three moving averages continue to rise, indicating a short-term upward trend. On the 1-hour chart, based on candlestick patterns, Bitcoin has steadily stretched from the low point around 90,790, reaching a high of 94,760 before slightly retreating to around 93,700, showing signs of short-term adjustment. According to RSI across different periods, it remains in the neutral to slightly strong zone of 50-70, not yet entering overbought territory. There is still room for upward movement in the short term.

KDJ: The J line has rebounded from a low and formed a golden cross, indicating short-term stabilization signals. Therefore, Lao Zhao's early morning trading advice remains mainly to exit long positions.
Bitcoin around 93,700 to 93,200 can be considered for profit-taking, watch for 95,500.
Ethereum around 3,220 to 3,190 can be considered for profit-taking, watch for 3,300.
ETH-2,62%
BTC-1,45%
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