Bitcoin and Ethereum Market Analysis for January 27th: Key Points for BTC and ETH Today
Market Review
BTC remained range-bound yesterday, with a slight rise in the early morning. Currently, the 4-hour rebound momentum is still weak, and short-term long positions should set trailing stop-loss orders. The overall trend remains bearish (long-term). In the short term, we can wait for a weekly rebound. The daily chart hasn't broken down yet and is waiting for stabilization, so there's still potential for further gains. The weekly chart also suggests a potential rebound; we should wait for a rebound to reach a suitable level before considering shorting opportunities.
Bitcoin (2) followed BTC ( 3) with a slight upward trend. The upward momentum on the 4-hour chart is slightly increasing. 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 has returned to a healthy range on the 1-hour and 4-hour charts, but is currently below that range on the daily chart. Intraday focus should be on whether it stabilizes. Consider short-term entries and exits with trailing stop-loss orders. Intraday support is at 88000-88500, and resistance is at 89500-90000.
ETH has returned to its healthy range on the 1-hour and 4-hour charts, but is currently below it on the daily chart. Intraday focus should be on whether it stabilizes. Consider short-term entries and exits with trailing stop-loss orders. Intraday support is at 2900-2950, and resistance is at 3020-3070.
