January 10th Market Analysis 📊📊
Yesterday, BTC continued to decline, with no significant negative fundamentals observed, the drop exceeded expectations once again, and the downward momentum has begun to weaken. There is a possibility of a rebound within the day, the key support has not been broken, the trend remains, and the expectation for a new round of upward cycle still exists. Stay confident. The second coin followed BTC's decline with a mild drop exceeding expectations. Currently, the 4-hour level has entered the overbought range, with an expected rebound within the day.
Today's focus:
BTC: 1-hour and 4-hour levels are below healthy levels, daily level is below healthy levels, expected to consolidate within the day, and the expectation for a larger cycle has not diminished.
Daily support 92450-91850 📈
Upper resistance 95150-95850 📉
ETH: 1-hour and 4-hour levels have entered the oversold range, daily level is below healthy levels, expected to have a mild rebound within the day.
Daily support 3175-3135 📈
Upper resistance 3345-3385 📉$BTC