2026-01-18 13:30:32

#美国核心物价涨幅不及市场预估【Market Observation】Bitcoin and Ethereum Technical Analysis

Looking at the 4-hour chart, Bitcoin has been oscillating at high levels today with Bollinger Bands clearly narrowing—upper band beginning to flatten or even turn downward, while the lower band repeatedly lifts, indicating a tug-of-war between bulls and bears.

Interestingly, $BTC recently found support at the lower Bollinger Band, with lows gradually rising, forming a clear ascending support structure. This suggests that the downward space has been squeezed tightly. The narrowing of the Bollinger Bands itself is a sign that the market is gearing up—once it opens upward, a new direction is usually imminent.

From the strong rally around 89,240, this consolidation phase is essentially a buildup. The green MACD bars are shrinking, which is a classic bullish divergence, indicating weakening bearish momentum and increasing bullish accumulation. A rebound upward should not be far off.

**$BTC Strategy Reference**:
- Pullback resistance: 93,100-93,700
- Upward target: 94,300-96,500
- Further breakout target: 98,000

**$ETH Strategy Reference**:
- Pullback resistance: 3,220-3,260
- Upward target: 3,290-3,400
- Breakout target: 3,550

Pay attention to the correlation performance of small-cap coins like $ZEC $AXS .

BTC0.28%

ETH1.24%

ZEC-3.51%

AXS3.67%

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HalfIsEmpty

· 8h ago

The Bollinger Bands are clearly narrowing, and there's also a bottom divergence. It feels like this buildup is really about to release. The target of 94,300-96,500 is reliable, and 98,000 doesn't seem far away.

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SurvivorshipBias

· 8h ago

Bollinger Bands are tightening and gathering momentum, with the bulls secretly assembling... I've heard this kind of statement too many times before, and in the end, it just gets smashed down. However, this time, the bullish divergence on the bottom does seem a bit interesting. Let's see if it can hold until 94,300.

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PensionDestroyer

· 8h ago

Bollinger Bands are tightening, with clear bottom divergence signals, and the bulls are gathering secretly... I've heard this logic too many times. Every time, they say a rebound is not far away. But what’s the result? Ultimately, it still depends on whether it can really break 98,000; otherwise, it's all just empty talk.

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BearMarketNoodler

· 8h ago

The Bollinger Bands are tightening again; I'm tired of this routine. However, the bottom divergence is quite interesting, and the bearish momentum is indeed weakening. Let's wait and see if it breaks below.

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