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1.20 Tuesday Bitcoin and Ethereum Morning Analysis
Bitcoin experienced a market correction yesterday and entered a consolidation phase. After a rebound from the low point, it briefly touched around 93,400 and then pulled back. Currently, it is stable above 92,000.
From the four-hour chart perspective, the Bollinger Bands indicator shows a gradual convergence and stabilization trend, with prices repeatedly consolidating around the midline. Meanwhile, the moving average system is converging significantly, providing effective support for the price.
Bitcoin around 92,300 looks for resistance at around 93,800
Ethereum around 3,160 looks for resistance at around 3,300
#BTC #ETH #BNB