1.8 Wednesday Bitcoin Ethereum Morning Analysis

Yesterday's news dynamic followed the announcement that the head of the CFTC will resign on January 20, along with warnings that regulation for cryptocurrencies is insufficient. Overnight, Bitcoin fell by nearly 6000 dollars. Bitcoin retraced from around 102700 to about 96100, currently oscillating around 96800.

From the daily candlestick structure, Bitcoin's head is showing a shrinking volume with a bearish tone, touching the middle line near the upper track. We are still paying attention to the support around 96000. From the 4-hour structure, Bitcoin's head continues to increase in volume, with support around 95600. From the 1-hour structure, Bitcoin's head is showing a recovery in volume.

Wednesday morning operation suggestion:

Bitcoin around 97500-97900, looking towards 96400-96000

Ethereum around 3405-3430, looking towards 3350-3320

Thinking is a question, doing is an answer. Losing is in hesitation, winning is in action. I am Zu Ping, and I am also your fated person!