"Market Analysis on January 15: Massive Fake Move, Waiting for a Pullback to Build Positions"
Yesterday's market surged again, and we were proven wrong. I initially thought Bitcoin wouldn't 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 massive fake move zone. The market is likely to decline next. 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 remains at the 93,000-92,600 range, with deep correction support tentatively set around 91,000. $SOL Today, the focus is on whether Solana (SOL) will break below 143 on the daily candle. A drop below 141 is a short-term support level, with a deeper support at 136.3. To see higher targets like 150.8, SOL needs to close above 146.4. $ETH Ethereum's hourly chart requires a close above 3,325 to see resistance at 3,375. Support is at 3,208; watch whether the upward momentum starting from this level will be broken by a close below it. If broken, the next support levels are around 3,150-3,170, with deeper support at 3,005. In summary, the pattern was reconstructed again yesterday, indicating a fake move zone. The next phase will be a pullback. After this correction completes, it will set the stage for the upward trend in February. So, let's wait for this correction to pass before making any moves!
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"Market Analysis on January 15: Massive Fake Move, Waiting for a Pullback to Build Positions"
Yesterday's market surged again, and we were proven wrong. I initially thought Bitcoin wouldn't 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 massive fake move zone. The market is likely to decline next. 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 remains at the 93,000-92,600 range, with deep correction support tentatively set around 91,000.
$SOL Today, the focus is on whether Solana (SOL) will break below 143 on the daily candle. A drop below 141 is a short-term support level, with a deeper support at 136.3. To see higher targets like 150.8, SOL needs to close above 146.4.
$ETH Ethereum's hourly chart requires a close above 3,325 to see resistance at 3,375. Support is at 3,208; watch whether the upward momentum starting from this level will be broken by a close below it. If broken, the next support levels are around 3,150-3,170, with deeper support at 3,005.
In summary, the pattern was reconstructed again yesterday, indicating a fake move zone. The next phase will be a pullback. After this correction completes, it will set the stage for the upward trend in February. So, let's wait for this correction to pass before making any moves!