1.26 Market Research Report $BTC $ETH $SOL

JPMorgan Chase: GBTC profit-taking has basically ended, and Bitcoin’s downward pressure is limited

U.S. SEC delays decision on Grayscale Ethereum Trust application

Market analysis:

After continuous sharp declines on the 22nd and 23rd, the BTC price stabilized and consolidated at a low level and entered sideways consolidation, basically fluctuating up and down around the central axis, and the trading volume shrank significantly. There are obviously two major purposes. One is to test the bottom foundation and deliberately suppress the price downward to break through the low support of the session. The second is to wear away the confidence and patience of retail investors. It is very tiring. Please be more patient.

Operation strategy: Hold the spot firmly and have confidence. It is very easy to insert the pin up and down, and lever operation is not recommended.

After a sharp decline since the 12th, the price of ETH has stabilized and consolidated at a low level. It has now formed a platform consolidation area and entered a sideways shock trend, with trading volume shrinking significantly. The technique board is very technical and very abrasive. It is very easy to insert pins up and down. Leverage operation is not recommended.

Today’s focus points

Upper pressure 40500-40900

Lower support 39300-38800