$BTC

Market Analysis

Today is January 10th, and Bitcoin dropped to 91203 at 4 o'clock, then rebounded to around 95000. Jason expects the small-scale movement to continue with a bottom consolidation trend; it will still be difficult to rise today, just a small rebound. Usually, if there is a rally in the afternoon, it will drop in the evening. The Bollinger Bands on the 4-hour cycle are tightening, and further testing downward is expected.

Ethereum dropped to around 3158 last night and has also started to rebound today. The short-term market is still moving in a consolidation phase; it is expected that a trending market will be difficult to achieve today, and it will still need to consolidate at the bottom for a while, with a pullback expected in the evening. Don't easily FOMO.

Yesterday, Litecoin also tested the 182 range and has currently rebounded by about 5 points. The short-term market is still in a consolidation range, and it is expected to take some time before a short-term trending market can emerge. Be patient and wait for the direction to become clear before entering.

The altcoin sector has also collectively rebounded today, and it's quite rewarding to catch this wave of rebound in contracts.