BTC/ETH market analysis at 9:15 am on January 9, 2025
This night, 14 billion CNY was plundered, and 238,406 people went bankrupt. I didn’t expect that so many people would be liquidated and go to zero this night. It’s unbelievable. If the drop the night before yesterday caught many people off guard, then so many people were liquidated last night. It can only be said that they lacked patience!
The lowest price of BTC last night was 92,500, and it fell below our 92,755 and recovered. ETH fell below our 3,220 and recovered 3,220. They are basically standard drops and recoveries, which is a very good signal!
BTC attention
Support 93680/92755/91800
Pressure 99000 line
ETH attention
Support 3225/3100
Pressure tentatively set at 3486/3605/3725
At this moment, the key points of ETH are 3440 up and 3280 down; the key point of BTC is 93500 line!
After two days of continuous killing, the market has returned to volatility, and volatility is an inevitable demand! Don't be too pessimistic. According to our ideas yesterday and today's early trading sharing, just take the opportunity to stop loss and you'll be fine! Stop profit and stop loss decisively!
The greater the market volatility and the deeper the decline, the better for the long-term!