1.29 Midday Outlook

From the current market situation, short-term resistance above is heavy. Without a breakout trend, it is difficult to open up upward space. Although there are short-term buying opportunities on dips, the overall trend remains bearish. The hourly chart shows a slight rebound but stalls at the upper band without extension. The rebound strength is weak. It is recommended to focus on short positions.

Market condition: Range between 2980-3020, with a downside target around 2850#金价突破5200美元 $ETH