2026.1.22 Market Analysis:

Bitcoin: The monthly and weekly charts are generally weak, and the rebound does not change the bearish trend. Resistance above is strong. On the weekly chart, last week closed with a bullish upper shadow candle, this week closed with a bearish lower shadow candle. The main body of the price is in a bottom oscillation zone, and the weekly chart is likely to continue oscillating; on the monthly chart, the May moving average at 93,300 was lost twice, the MACD remains in a death cross, RSI has fallen back to 42, and the medium-term outlook is clearly bearish. From the intermediate level, the daily chart experienced six consecutive declines, with the lowest dropping to 87,200 yesterday before a slight rebound. Currently quoted at 90,000, the current rebound is a correction caused by excessive decline, gap openings, and RSI oversold saturation. The daily MA5 resistance is at 90,900, and the Bollinger Band middle band resistance is at 92,500. The three-day green rebound reached a maximum of 98,000 at the 38.2% Fibonacci level before retreating. This rebound is in a weak zone, greatly increasing the probability of new lows. Today marks the change of the three-day line; the market opened slightly higher in the morning and may turn lower in the next two to three days. Intraday, the market rose slightly to 90,500 last night, then quickly dropped to 87,200 early this morning. After forming a two-hour bottom divergence, it moved upward. The rally is ongoing but not complete. Attention should be paid to the four-hour red-to-green pattern and the middle band position. If the rebound weakens or divergence reappears on the four-hour chart, it warrants caution. Key resistance levels today are at 90,900 and 92,500; key support levels are at 86,600 and 84,500. Trading should focus on buying low and selling high as the main strategy.
Ethereum: The larger timeframe trend is similar to Bitcoin, with the three-day line being relatively weaker and showing a sideways consolidation zone. The daily chart also shows a rebound after excessive decline, currently in a phase of filling the gap. Today, focus on the four-hour segment, as the upward movement is not yet complete and the pattern is unfinished. The primary resistance is at 3,070, which is the middle of the previous consolidation zone. If this level is pressured or a naked K-line on the three-day chart forms a high open and low close pattern, the price may further approach new lows. There is no clear support in the new low zone for Ethereum. Key resistance levels today are at 3,070 and 3,180; key support levels are at 2,760 and 2,580.