1.15 Evening Analysis

Trend line: 42000 is the support level to pay attention to this week. If this point falls below more than one day, it means a continued decline of 38000. TD: 30-minute line top and bottom 13 - support 41700, pressure level 42800. The top of the weekly line is 13. If the weekly line remains below $44,000, the market will correct.

MACD: If the $42,000 support is effective tonight and the 6-hour MACD is golden cross, Bitcoin will test 44,000.

KDJ: short-term shock or weak rebound, the 5-day line and weekly line fell.

RSI: Weekly level decline, short-term bottoming out in 4 hours, with a weak rebound or shock.

BOLL: The 2-day moving average fell below the middle track. Pay special attention to the possibility of a mid-term decline in the near future.

Conclusion: The medium and short-term indicators remind us of the correction and shock. If the 6-hour MACD is golden cross in the ultra-short term, it will bring about a small increase. The short-term support is 41700, and the pressure is 42800. If 44,000 cannot recover next week, it will enter a downward cycle for two to three months. Waiting for production cuts in April.

Ethereum Cancun upgraded at the end of January, which is good for the LAYER2 sector.