1.16 Friday Bitcoin and Ethereum Midnight Analysis

Bitcoin four-hour chart analysis shows that after a rapid rally with consecutive bullish candles, the market is now exhibiting a sideways consolidation with alternating bullish and bearish candles. Despite the continuous upward movement, there has been no significant correction; instead, the price remains at high levels with ongoing tug-of-war consolidation. This trend partly reflects a substantial technical repair demand in the market, and also clearly indicates that the bullish momentum remains dominant. The current upward structure remains stable, and once technical repairs are completed, there is still room for an upward breakout. From a short-term hourly perspective, the consolidation process shows a step-by-step pattern of consolidation while trending upward. Although there is some degree of correction and the price is operating below the midline, the overall upward trend remains strong. The correction has not resulted in a significant breakdown, so short-term trading strategies should continue to maintain a bullish outlook.

Bitcoin around 96,500 looking at 98,000
Ethereum around 3,300 looking at 3,400
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