January 13 BTC/ETH:

The current market liquidity is really poor. On Monday, the major A-shares' trading volume hit a record 3.64 trillion, with gold surpassing 4600. In contrast, the crypto market 📉 is not following the upward trend. The overall macro pattern is in the early stage of a bear market, with market makers frequently manipulating prices with upward and downward spikes to shake out traders. Institutions are also lying flat, leaving retail investors hoping for a bull return!

BTC
Currently, the moving averages are arranged in a head-and-shoulders pattern alongside a bullish engulfing candlestick, indicating some upward potential in the short term. However, the rally lacks volume confirmation, resulting in a false breakout. Based on past data, tonight’s CPI is unlikely to be a game-changer. The overall market is in a consolidation range. After a small rebound, avoid chasing the highs; wait for a better entry point at the upper resistance.

Focus on the 9250-9300 range, with a target of breaking below 9130 to see a decline toward 9050-8920.

ETH
Focus on the 3162-3183 range, with a target of breaking below 3110 to see a decline toward 3083-3052.

Short-term trading should be flexible and adaptable based on your own position! $BTC #Gate储备金报告