"Market Analysis on January 15: Massive Trap, Waiting for a Pullback to Build Positions"

Yesterday's market surged again, and once again we were proven wrong. We initially thought that Bitcoin would not reach around 98,000, but now it has directly hit 97,900. This completes the formation of a top pattern, and the daily indicators also suggest that this is a huge trap zone has been completed, and a downward move is expected. After the decline, we will discuss when and at what levels to build positions to catch the expected rally in February.

$BTC Bitcoin faces a short-term resistance near 97,500. If the hourly candle closes above this level, the next resistance could be around 98,200-98,400. Support levels below are still seen at the 93,000-92,600 range, with deep correction support temporarily set around 91,000.

$SOL Today, focus mainly on whether the 143 level for Solana will be broken downward in a candle close. The short-term support is at 141, with a deeper support at 136.3. To see higher targets like 150.8, the price needs to close above 146.4.

$ETH Ethereum's hourly chart needs to close above 3325 to see resistance at 3375. Support below is observed at 3208, where the initial upward move may be challenged. If broken, support levels are at 3150-3170, with deeper support at 3005.

In summary, yesterday completed the formation again, indicating a trap zone has been established, so the next move is a pullback. After this correction, preparations can be made for the trend upward in February. So, let's wait for this correction to pass! If you don't understand the market or are unsure about the direction, welcome to join the Chief. Click to join the Chief community (Follow the Chief for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are recommended."