January 26th Bitcoin and Ethereum Market Analysis: Key Points for Today (BTC & ETH)
Market Review
BTC fell again last night, and a bottom divergence has appeared on the 4-hour chart. If it holds above this level, a short-term entry could be considered, but stop-loss orders should be placed. The overall trend remains bearish (long-term). In the short term, a weekly rebound is possible. The daily chart hasn't broken down yet, and further stabilization is expected, with upward potential remaining. The weekly chart also suggests a potential rebound; wait for a rebound to reach a suitable high-level shorting opportunity.
Bitcoin (2) is consolidating 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.
The altcoin market is consolidating in sync with mainstream trends, but overall liquidity remains poor. We'll wait for altcoins to stabilize before considering further action. Alpha activity points requirements are increasingly stringent, so we've suspended point farming and will consider restarting it once the requirements decrease.
Intraday Market Analysis
BTC is below the healthy range on the 1-hour and 4-hour charts, and also below the healthy range on the daily chart. Watch for stabilization today and consider short-term entry/exit. Intraday support is at 86500-87000, and resistance is at 88500-89000.
ETH is below its healthy range on the 1-hour and 4-hour charts, and also below its healthy range on the daily chart. Watch for stabilization today and consider short-term entry/exit. Intraday support is at 2800-2850, and resistance is at 2900-2950.
