1.6 Monday Analysis

Recently, the price trend of Bitcoin has shown a sideways oscillation. There has not been a significant change in the overall structural pattern. From a daily perspective, the bullish trend is still ongoing, and the price has maintained a stable recovery after breaking through the mid-track area. Although there have been pullback phenomena during this period, the price of Bitcoin has not fallen below the mid-track area, and there has not been a clear continuation of the downward trend.

On the short-term level, after a slight rise faced resistance, Bitcoin experienced a bearish pullback. The moving averages show a downward trend, and the MACD volume has not been well-released on the bullish side, leading to a slight price decline. From the short-term structure, there is still a downward demand for the coin price. However, from a broader perspective, our outlook remains bullish. Therefore, for subsequent operations, we can participate around the low points to seize potential upward opportunities. Overall, the market trend still needs cautious observation to make informed decisions.

btc: 97300-97800 long, look at 99000-100000-102000

eth: 3590-3620 long, look at 3640-3680

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