1.23 Market Research Report $BTC $ETH $SOL

The Bitcoin Volatility Index fell to 50.38 yesterday and fell below $40,000 this morning, with a 24-hour drop of 4.44%.

The Ethereum Foundation converted 700 ETH into DAI and transferred it to the 0x9eE address used for fund allocation

Market analysis:

BTC fell below US$40,000 this morning. Big buys were made after big drops, and small buys were made after small drops. It once again broke through the support level and dipped downwards. It is currently 39823, with a 24-hour drop of 4.44%.

As mentioned yesterday, ETH once again broke through the pressure level downwards. After continuous negative declines and a washout, the volume was reduced and adjusted. The method used by Ethereum to regain its support level is very technical and very frustrating. It is very easy to insert pins up and down. Leverage operation is not recommended.

Today’s focus points

Upper pressure 40200-40500

Lower support 49400-39200