"Market Analysis for January 28: Recovered, Now It's Time to Counterattack!"



Yesterday's market movement was as we expected. The daily closing was above 89,000, and the final ultimatum was reclaimed. Moving forward, all indicators are no longer showing signs of deterioration, at least on the OBV, which did not significantly break new lows. Therefore, the downward trend is invalidated, and the market needs to continue pulling back. As the month-end approaches, our anticipated bullish trend remains set for early February. So as long as we endure these last few days of the month, victory will ultimately belong to the bulls!

$BTC Bitcoin support zone was 87,500-87,200 yesterday. Last night, it dipped to 87,265 before rebounding above 89,000. Today, focus on whether 88,100-87,700 can serve as support again. Keep an eye on the 86,900 support level, with resistance at 90,600.

$SOL Sora made a decision yesterday at 125. Today's support is around 124.8. Watch for support at 121 below and resistance at 129 above. Today, the key is how the support near 124 holds.

$ETH Ethereum reached the 3020 resistance yesterday and started to pull back. Today, focus on support at 2950-2940, with attention to 2880 support. The main question is whether the first support zone can provide enough backing for the market again.

In summary, the market chose to recover at the last moment, invalidating the downward trend. All indicators remain healthy despite the recent decline. The last few days of January are crucial—if we can hold on, the final victory might belong to the bulls. So, friends, stay strong through this final stretch. Perseverance will lead to big rewards! If you're unsure about the market or uncertain about the direction, feel free to join the Chief Analyst. Click to join the Chief Analyst 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).
BTC3,03%
SOL2,07%
ETH3,05%
View Original
post-image
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)