Morning analysis and review of yesterday on 1.27
On Wednesday, the market was mainly characterized by fluctuations. After the US stock market opened, the market surged sharply, closing with a large bullish candle, with Bitcoin reaching a high of 90655 and Ethereum touching 3044 — the strength of the bulls was evident. Yesterday, we also achieved a short-term six consecutive wins, securing a good result of 6383 in the trading range, with a drop to 60,000 in oil. Yesterday, there were also various snowfields that gradually turned green!
The current market is in a rebound rhythm. In the 4-hour chart, the key support level has recorded long lower shadow candlesticks multiple times, indicating sufficient buying strength at the lower levels. Each time there is a retracement to the lower support, bulls enter the market to protect the price, which quickly rebounds after touching the support; the repeated testing of the support level without breaking it validates its effectiveness, and we continue to look for upward movement throughout the day.
Operation Suggestions:
Buy Bitcoin around 89400-89900, target 91400-91900.
Buy near 2960-2990 for the target of 3050-3100.