"January 23 Market Analysis: Pulling back above 91,300 is the biggest victory of the week"

Yesterday's market tested and pulled back again. Bitcoin hit our target of 88,400, and the index is at 127. These two levels were quite precise. Ethereum's target was 2940, which was slightly off. After testing again yesterday, the important task for this week is to recover the 91,300 level. Only by returning above this level can the daily chart's trend remain intact. If a new low is made and a continuous decline occurs, the overall February trend reversal may need to be reconsidered! Looking at two key indicators: OBV is currently bottoming near the moving average, with volume not significantly deviating from the MA, indicating no signs of panic selling. As for CCI, it is close to the zero line; as long as the price pulls back again, it will likely move above zero, completing the transition from 0-100. Therefore, the current main goal is to regain the 91,300 position.

$BTC Bitcoin's immediate focus is on the resistance at 91,300, with support at 86,800.
$SOL The index's resistance at 133.7 is the key dividing line between bulls and bears; the primary target is to get back above this level, with support at 123.2.
$ETH Ethereum's resistance around 3133 is the bull-bear dividing line; support is at 2840.

In summary, our current hope is to regain these resistance levels. Only then can we prepare for an upward trend in February. Otherwise, if a new low occurs and a continuous decline follows, there is little hope. So, the recent strategy is to wait quietly. Whether support levels will be broken further down, the chief editor is unsure. The hope now lies in reclaiming the bull-bear dividing line. Holding positions and waiting for the trend to arrive is the only thing we can do now. If you don't understand the market or can't determine the direction, welcome to join the chief editor. Click to join the community.
(Follow the chief editor for daily market analysis and precise entry points. Long and short ideas are for reference only. Strict stop-loss and take-profit are recommended.)