January 18th Bitcoin and Ethereum Evening Analysis

Bitcoin pulled back from 97932 and is now repeatedly testing the 95,000 USD level, seemingly preparing for the next upward wave.

Looking at the 1-hour K-line, the price stopped falling at the key support level of 94,200 and did not break below the previous consolidation zone. This kind of retracement is a normal technical adjustment. The repeated oscillation around 95,000 is essentially the market digesting the previously trapped positions. Once the short-term selling pressure is released, the upward momentum will become more evident. Breaking the previous high of 97,900 is only a matter of time. Once it stabilizes above this level, the space above will be fully open, and the 100,000 USD threshold will be no obstacle at all.

Trading suggestion: Consider increasing long positions in the range of 94,800 to 94,200. The initial target is 98,000. If this level is broken, the 100,000 USD mark will be within reach.