1.19 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

Currently, after a pullback, the market has shown some rebound. The earlier suggestion of buying on dips during the correction has been validated. The price has already gained 700 points. This morning, the price sharply dropped from 95,500 to 91,833, and has been fluctuating between 92,200 and 93,300 over the past 4 hours. It is now around 92,900, showing a rebound and correction trend.
Support is at the upper end of the 92,800 range, with resistance between 93,000 and 94,000. After a volume-driven decline, trading volume has contracted, with heavy long liquidation. Market sentiment remains cautious, and the rebound depends on volume support.
On the 4-hour chart, Bitcoin shows clear bullish trend signals. After a sharp decline, the price has completed a corrective rebound. Technical and volume structures resonate to support an upward move. Indicators show that MACD bearish momentum continues to weaken, with a potential golden cross signal emerging, forming an effective support line. Short-term moving averages are arranged in a bullish configuration, confirming trend reversal strength. The 91,800-92,200 zone previously formed strong support, and the test of the 94,000 resistance has been completed. Breaking through this level could turn it into an effective support zone. During the rebound, trading volume has steadily increased, indicating strong buying interest. The chips reset after previous long liquidations, clearing obstacles for subsequent upward movement.
In terms of strategy, it is recommended to focus on buying dips and adding positions in line with the trend.
Strategy: Enter long positions on Bitcoin during a pullback to the 92,800-93,000 range, watch for a breakout above 94,000.
Enter long positions on ETH between 3,180-3,200, watch for a breakout above 3,280.
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