1.22

BTC
Yesterday, I mentioned that after the US stock market opens, there is a high probability of a rebound following an oversold condition. As expected, a rebound occurred after the oversold. Currently, Bitcoin is oscillating between 88,500 and 90,500. Next, we need to watch whether a structure can form on the 1-hour and 4-hour charts, and whether it can hold above 90,600. Only if it stabilizes above this level can we expect a continuation upward. If it fails to hold, it will continue to oscillate around the lower range. In summary, there will be a rebound today, but we need to pay attention to the strength of the rebound. After the rebound, it may continue to decline and oscillate. Support levels are 89,500-88,500, and resistance levels are 90,500-91,500.

ETH
Ethereum is also oscillating within our expected range. After reaching the resistance, it retraced. Currently, Ethereum's key range to watch is between 2,900 and 3,065. The next step is to see if it can bottom out within this range. Additionally, pay attention to the structure on the 1-hour and 4-hour charts. As long as the 2,900 level is not broken, there is a short-term opportunity. Also, keep in mind that the daily chart must not break below the zero axis. For this rally to continue, it needs to hold above 3,065. Support levels are 2,980-2,900, and resistance levels are 3,065-3,120.