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币盈Anna
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Coin Profit 01.22 Cryptocurrency Evening Briefing
Bitcoin has retraced all gains for the year, and the market is in a weak recovery phase after a sharp decline. The evening trend is dominated by U.S. core macro data, and the bottom has not yet stabilized; a rebound needs to break through key resistance levels to confirm.
I. Market Overview
1. Intraday Market Performance
Bitcoin:
After a V-shaped rebound in the early morning, it fluctuated narrowly around the $90000 level throughout the day, ranging between $89600 and $90300, with the daily line operating below the short-term moving averages, maintaining a wide fluctuation framework of $87200-$90500.
Ethereum: Highly correlated with Bitcoin, it saw a tug-of-war in the $2990-$3030 range near the psychological barrier of $3000, showing a recovery pattern after a sharp decline.
2. Technical Signal
Support effectiveness: Bitcoin at $87800 and Ethereum at $2930 form short-term effective support, with multiple tests of the bottom without breaking.
Insufficient bullish momentum: The rebound encounters resistance at key integer levels, trading volume has not increased, and the overall market structure is weak, indicating a range-bound trading phase.
1. Intraday Market Performance
Bitcoin:
After a V-shaped rebound in the early morning, it fluctuated narrowly around the $90000 level throughout the day, ranging between $89600 and $90300, with the daily line operating below the short-term moving averages, maintaining a wide fluctuation framework of $87200-$90500.
Ethereum: Highly correlated with Bitcoin, it saw a tug-of-war in the $2990-$3030 range near the psychological barrier of $3000, showing a recovery pattern after a sharp decline.
2. Technical Signal
Support effectiveness: Bitcoin at $87800 and Ethereum at $2930 form short-term effective support, with multiple tests of the bottom without breaking.
Insufficient bullish momentum: The rebound encounters resistance at key integer levels, trading volume has not increased, and the overall market structure is weak, indicating a range-bound trading phase.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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