$BTC $ETH Midday Analysis: Released at 13:02 on January 29

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First, we see that Bitcoin’s daily close is around 89,440. The daily correction cycle has come to an end, completing the four-hour cycle, and a main upward wave on the daily chart has begun. Moving forward, be cautious of a break below 87,368 on the daily chart. Watch for resistance around 90,800. In the next 1-2 days, continue to monitor resistance between 89,600 and 91,652, and support at 87,500-85,600. Intraday, the hourly cycle shows a downward trend. Trading suggestions are to go north around 87,213-86,500, with a stop-loss at one times the position size!

Second, ETH daily close is around 3,006, also holding a key level on the daily chart, preparing for a surge before the Chinese New Year. Future daily focus is on a break below 2,900. Resistance is at 3,073. The expected cycle position for this wave is around 3,280-3,358, with turbulence and twists along the way. After the four-hour cycle, focus on resistance between 3,035 and 3,148, and support at 2,925-2,822. Intraday, mainly look for long positions on dips. Trading suggestions are to go north around 2,908-2,858, with a stop-loss at one times the position size!

Note: The suggested positions are with 1% of your capital. The article is time-sensitive; real-time guidance is based on the live broadcast room. Personal opinions are for reference only. Small capital compound interest. Good luck to everyone!