## Overall Market Review



Yesterday's daily chart movement completed the expected target. BTC quickly retreated after reaching around 98 in the early morning, confirming that the upward push within the 96-10 range has been achieved. From the strength of the upward move, a small bullish candle appeared followed by three consecutive bullish candles, which is a typical sign of strength. However, according to the normal rhythm, a short-term correction is now needed. The magnitude and strength of the correction over the next two days will directly determine whether the subsequent upward attack can proceed smoothly.

ETH's performance was relatively mild. It also pushed up to around 3400 in the early morning, but its momentum was noticeably weaker than BTC. The 3400 level is not only a short-term resistance zone but also indicates that more time is needed to accumulate strength before challenging higher targets of 3600-4000. The trend remains upward, but the pace from January to March should be steady rather than aggressive.

## How to View the Daily Level

Of course, there is also a possibility that the market stabilizes directly around 3400 and then immediately surges toward the key level of 3600. But the more probable scenario still involves a correction process. If you hold trend positions, there's no need to be overly nervous; corrections are often for gathering strength for a stronger upward push.

## Where Are the Short-term Trading Opportunities

**BTC Four-Hour Chart** shows that the pullback from 98 has already started. Based on current space, the support should be around 93-94. However, watch out for a quick dip if the market gaps, possibly reaching 92-93 before bouncing back. This area will be the next rebound starting point.

For intraday trading, focus on the support near 95; if it breaks, then look at the 93-94 zone.

**ETH Four-Hour Chart** follows the same logic. Now, it’s necessary to wait for a pullback to the support zone before rebounding again. Long-term holders can continue to hold since the main trend hasn't changed. But before confirming the rebound starting point, the four-hour timeframe needs to test a clear support level.

The 3260-3200 range is the first defense zone; if everything proceeds normally, a rebound can be initiated here. To prevent gaps, 3160 can serve as an extreme reference point. For intraday small support levels, pay close attention to the 3230-3280 area.

Overall, corrections are meant to facilitate better upward movement. How the market retraces in the next few days and whether it stabilizes quickly will directly influence the trend direction before the end of January.
BTC2.13%
ETH1.28%
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OldLeekMastervip
· 3h ago
The 98 drop was expected long ago. Just waiting for the 93-94 rebound to continue.
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DegenGamblervip
· 3h ago
Just make the adjustment, anyway sooner or later it will go up. No rush this time.
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DegenTherapistvip
· 3h ago
It's the same old routine of adjusting and building momentum... I'm tired of hearing it. Let's see if it can truly stabilize quickly.
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PretendingSeriousvip
· 3h ago
Another wave of adjustment is coming. It seems I need to patiently wait for stabilization. Anyway, since the overall trend hasn't changed, I'll just keep lying low.
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