January 15th Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
BTC rose again yesterday, in line with short-term bullish expectations, but the overall trend remains bearish (long-term). Daily chart shows recovering upward momentum and healthy indicators, suggesting further upside potential. The weekly chart has begun to rebound; we await a high-sell opportunity after the rebound reaches its target.
Bitcoin (2) is rising in tandem with BTC ( 1), and trading volume is increasing on the 4-hour chart, aligning with short-term bullish expectations. However, the upward momentum on the daily chart hasn't shown significant increase. We should watch for a pullback and consolidation. The larger timeframe remains bearish, but a short-term consolidation could warrant considering further gains.
Altcoins are rising in tandem with mainstream stocks, but overall liquidity remains poor. We'll wait for altcoins 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 trading above its healthy range on both the 1-hour and 4-hour charts, as well as on the daily chart. Intraday focus should be on volume changes; a sustained break above this range could warrant further buying. Intraday support levels are 95,000-96,000, while resistance levels are 97,500-98,500.
ETH is trading above its healthy range on the 1-hour and 4-hour charts, while returning to its healthy range on the daily chart. Intraday focus should be on volume changes; a sustained break above this level could warrant further buying. Intraday support levels are 3250-3300, while resistance levels are 3400-3500.
