Bitcoin and Ethereum Market Analysis for January 27th: Key Points for BTC and ETH Today
Market Review
BTC saw a slight pullback yesterday, and the current 4-hour rebound momentum is not strong. Short-term long positions should set trailing stop-loss orders. The overall trend remains bearish (long-term). In the short term, we can still wait for a weekly rebound. The daily chart has not yet broken down and is waiting for stabilization, so there is still an expectation of further upward movement. The weekly chart also suggests a potential rebound, so we should wait for a rebound to reach a suitable level before considering shorting opportunities.
Bitcoin (2) rebounded in tandem with BTC ( 1), and a bottom divergence has appeared on the 4-hour chart. Consider entering a short-term position if it holds above this level. On the daily chart, pay attention to whether it holds above this level; the larger timeframe remains bearish, but a short-term hold above this level could be a good entry point.
Altcoins are consolidating in sync with mainstream markets, but overall liquidity remains poor. We'll wait for altcoins to stabilize before making any decisions. Alpha activity points requirements are getting increasingly higher, so we've suspended point farming and will wait for the requirements to decrease before resuming. (Intraday market analysis)
BTC is below its healthy range on both the 1-hour and 4-hour charts, and also on the daily chart. Watch for stabilization today and consider short-term entry, with a trailing stop-loss order. Intraday support is at 87500-88000, and resistance is at 89500-90000.
ETH is below its healthy range on both the 1-hour and 4-hour charts, and also on the daily chart. Intraday focus should be on whether it stabilizes. Consider short-term entry with a trailing stop-loss order. Intraday support is at 2850-2900, and resistance is at 2950-3000.
