Bitcoin and Ethereum Market Analysis (January 4th): Key Points for BTC and ETH Today
Market Review
BTC saw a slight increase yesterday, breaking through the key resistance level of 90,000, but trading volume did not increase significantly, and there were no obvious positive fundamental factors. The overall trend remains bearish (long-term). In the short term, a rebound is needed, and attention should be paid to whether it can hold above that level. On the daily chart, pay close attention to changes in trading volume and wait for a pullback and stabilization. The weekly chart is starting to flatten, and a weekly rebound is expected.
Bitcoin (2) followed BTC ( 3) upwards, breaking through the previous resistance zone, but trading volume did not increase. On the daily chart, pay attention to volume and whether it can hold above the previous support level. The larger timeframe remains bearish; a short-term hold above the previous support level could be a good entry point.
The altcoin market is consolidating in sync with mainstream trends, but overall liquidity remains poor. We'll wait for the altcoin market to stabilize before making any moves. Alpha activity points requirements are getting increasingly higher, so we've suspended point farming and will consider restarting it once the requirements decrease.
Intraday Market Analysis
BTC is above the healthy range on the 1-hour and 4-hour charts, and has returned to the healthy range on the daily chart. Intraday focus should be on volume changes. Intraday support is at 90000-90500, and resistance is at 92000-92500.
ETH is above the healthy range on the 1-hour and 4-hour charts, and has returned to the healthy range on the daily chart. Intraday focus should be on volume changes. Intraday support is at 3070-3100, and resistance is at 3200-3230.
