January 6th BTC/ETH Analysis:

The new high in the US stock market has ignited market enthusiasm, coupled with geopolitical risks fermenting and boosting global risk aversion sentiment. Funds are flowing into the two major sectors of cryptocurrencies and precious metals. This morning, Bitcoin rebounded strongly, breaking through the weekly resistance level of $94,500 and then triggering a pullback. The short-term bullish momentum is rapid, and the market is once again eyeing 100,000. There is strong selling pressure in the 9,450-9,600 range, and the Federal Reserve's stance on interest rate cuts remains unclear. Only a clear breakthrough and stabilization above this range could signal a trend reversal; otherwise, the current movement is still within the rebound scope.

BTC
Currently, the daily chart shows a doji pattern, with the four-hour RSI at 79 indicating overbought conditions. There are signs of top divergence on the hourly chart. The daily trend will inevitably undergo a technical correction. Support levels for the correction are at 9310-9150. A significant correction would only occur if the price falls below 9310, with a stronger correction if it breaks 9150. A break below 9150 would end the four-hour rebound, and the main focus would be on the correction strength, considering these two levels and watching for a doji.

Around the 9410-9460 range, with a target of 9310-9150, a break downward could lead to 8920.

ETH
Around the 3231-3253 range, with a target of 3172-3130, a break downward could lead to 3070.

Short-term trading should be flexible and adaptable based on your own position and actual situation! $BTC #加密市场开年反弹