January 10

Analyst Report

Yesterday, BTC continued to decline, with no significant bearish fundamentals observed. The drop exceeded expectations again. Today's non-farm payroll data is expected to be less than ideal, which may bring higher bearish sentiment. The downward momentum on the 4-hour chart has started to decrease, indicating a possibility of a rebound. However, it is still recommended to wait and observe today, and to take action only after the downward momentum stabilizes. For those who were advised to accumulate earlier, hold tight and wait for further increases. A new round of upward cycles will begin soon, and the long-term outlook remains unchanged, with a bull market still in place. Upcoming factors such as interest rate cuts and liquidity from FTX are also positive. Stay optimistic.

ETH followed BTC in a synchronous decline, temporarily dropping below 3200 before quickly recovering. It has entered the oversold zone on the 4-hour level, with an expected rebound today. However, it is still advised to observe and wait for stabilization before taking action.

Altcoin sectors are also declining in sync with the mainstream. Today, it is advised to observe and wait for stabilization. For those who have already invested in altcoins, continue to hold SATS and aim to sell around 50. Hold positions for the medium term can be watched up to around 80. After reducing positions in CKB, continue to hold and wait for ecological expansion. Those still holding FTM may reduce their positions, POLYX can continue to hold, and ACT should be maintained.

Fundamental News: Focus on non-farm payroll data tonight.

Primary Market Information:

Recently, on-chain MEME has seen some recovery. Continue to monitor. For those who have accumulated DOGECAST, I personally suggest waiting for an explosion.

Mainstream coin support and resistance levels for today:

In today's market, BTC has support at 92000-93000 and resistance at 94500-95000. ETH has support at 3170-3220 and resistance at 3300-3350.

Today's Greed and Fear Index: 50 (Neutral) CMC shows 43.