1.10 Bitcoin and Ethereum Market Analysis: BTC, ETH Today's Highlights

Market Review

Yesterday BTC continued to decline, with no significant negative fundamentals observed, the drop exceeded expectations again, and the downward momentum has begun to weaken. A rebound is possible during the day, but it is still recommended to remain on the sidelines and wait for stabilization before taking action. Key support has not been broken, the trend is still intact, and expectations for a new round of upward cycles remain. Keep the faith. Ethereum followed BTC with a synchronized decline, the drop slightly exceeded expectations. Currently, the 4-hour level has entered the overbought zone; a rebound is expected during the day, but it is still recommended to wait for stabilization before taking action. Altcoins are following the mainstream with synchronized declines. Observing today, waiting for a new round of upward cycles. For established coins, POLYX can continue to be held, and ACT should be held.

Today's Highlights:

BTC: 1-hour and 4-hour levels are below healthy levels, daily level is below healthy levels, and a consolidation is expected during the day. Wait and watch, the expectations for the larger cycle have not weakened. Support below during the day is 918000-92500, resistance above is 945000-95000.

ETH: 1-hour and 4-hour levels have entered the oversold zone, daily level is below healthy levels, a slight rebound is expected during the day, but it is still recommended to wait and watch. Support below during the day is 3170-3220, resistance above is 3300-3350.