1.24 Market Research Report $BTC $ETH $SOL

Bitcoin briefly recovers above $40,000

U.S. SEC Commissioner: Ethereum spot ETF does not need court battle to obtain approval

Market analysis:

The price of BTC today is in an upward trend, with the 20-day moving average showing an upward trend. Since the 22nd, it has shown a downward adjustment, falling back to the support below the 20-day moving average and then steadily rebounding. The BTC price once again hit the previous high, stagnating and fluctuating. The four-hour level closed a K line with a long upper shadow line.

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 market moves down to test the support of the early lows, as well as the market selling pressure. Ethereum regains its support level. The method of the market trend is very technical and very grueling. It is very easy to insert pins up and down. Leverage operations are not recommended.

Today’s focus points

Upper pressure 40300-40600

Lower support 39300-38800