#数字资产市场动态 $BTC and $ETH trend observation (January 16 evening)

From a technical perspective, the market is clearly in an upward cycle. The moving average system has already formed a bullish pattern, and the recent golden cross has further strengthened this wave of rally. The price is approaching the key support level of 93,500, and the appearance of a bullish engulfing pattern signals a rebound.

However, one point to watch is that the trading volume is still somewhat thin, which has not fully confirmed the price signals and adds uncertainty to the subsequent trend.

In terms of trading strategy, Bitcoin (大饼) is a good long entry point in the 94,300-94,800 range, with a focus on 96,000-96,500 above; Ethereum (二饼) can consider building a position around 3,250-3,280, targeting 3,350-3,380. Overall, the main tone is to steadily go long above the support level.