2024.1.10 Morning 9:33 BTC/ETH Market Analysis
As expected, there was no surprise, no grand waves. Apart from Bitcoin's continued large fluctuations and harvesting, the space for Bitcoin is already limited, after all, it has touched 48100. The market will be confused for a while next, as if lost, suddenly not knowing what to use as a reference. This is the aftermath of the news. We will continue to lay out according to technical signals! Continue to wait for opportunities to pick up long-term and low-cost chips! This morning, the L2 sector led the market for a second charge, but did not reach a new high, which can also be seen as breaking the contracts upwards. After all, the L2 sector was the latest to erupt!
BTC Today's Focus
Support 45000/44200/40400/35955
Resistance 48000
The 48000 resistance level for Bitcoin has been marked for a long time, and this morning it was finally reached in one fell swoop. The next task for Bitcoin is to move sideways, with smaller fluctuations, maintain the trend, and slowly recover. That would be the biggest contribution to the market!
ETH Focus
Support 2343/2285/2212-2223/2153
Resistance 2403/2800
Once again, it touched the final strong resistance at 2403. This counter-trend rise of ETH injected some vitality into the market, leading the L2 sector. This also aligns with the recent focus on ETH, as Bitcoin has already become severely deformed, while ETH's trend remains standard. Therefore, it is indeed a good choice to continue to focus on ETH. Let's continue to observe the battle at the 2403 level and the strength of 2343! If the breakthrough holds, then it will be the altcoin spring!
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