January 9 Market Analysis📊📊

BTC must remain stable above 91000-92000 as shown in the chart to maintain a bullish outlook.

Market Review

Yesterday, BTC continued to decline, and there was no significant negative news in the fundamentals. The decline exceeded expectations, and the downward momentum has not significantly weakened. Key support has not been broken, the trend is still in play, and expectations for a new round of upward cycle remain. Stay confident. The second coin followed BTC and declined as well, with the drop slightly exceeding expectations. Currently, the 4-hour level has entered the overbought zone, and a rebound is expected within the day.

Today's Highlights:

BTC: 1-hour and 4-hour levels are below healthy levels, and the daily level has returned to healthy levels. The expectation for consolidation in the larger cycle within the day has not weakened.

Intraday support 93400-92700📈

Resistance above 95500-96200📉

ETH: 1-hour and 4-hour levels have entered the oversold zone, and the daily level has returned to healthy levels. A slight rebound is expected within the day.

Intraday support 3220-3260📈

Resistance above 3385-3430📉$BTC