2026-01-23 08:00:08

BTC really suppresses Ethereum by a significant margin. These past two days, looking at the K-line, although both are stuck near the daily 60 moving average, their trends are completely on different levels.

Last night, BTC bounced back immediately after retracing to 0.682, and basically touched the top area in recent days. What about Ethereum? It only started to rebound after retracing to 0.782, and even after the rebound, it still needs another 100 dollars to reach the previous high. The gap is obvious.

From the perspective of Chan Theory, BTC has already formed a bottom divergence on the 1-hour chart, and the rebound strength is also quite good. My judgment is that there is a high probability of a rebound trend on the 4-hour level. As for during the day, it should still oscillate within the 1-hour central zone, and there's no need to rush into the market. Wait for this round of 1-hour retracement to complete, then observe the subsequent direction.

Market analysis still requires patience, don’t rush.

Update on the 23rd.

BTC-0,26%

ETH-0,46%

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GasFeeCrying

· 20h ago

This rebound of Bitcoin is indeed not on the same level as Ethereum; being only $100 away from the previous high is a bit awkward.

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WhaleMistaker

· 20h ago

Bitcoin's recent rebound has been really strong, while Ethereum is still dragging behind; the gap is obvious. --- I believe in the Chen Theory bottom divergence, but how high the four-hour rebound can go still depends. --- Wait, do a retest before going up again? How long will that take? My coins are about to go moldy. --- It's easy to say, market analysis requires patience, but the account can't wait haha. --- That $100 distance for Ethereum, it feels like it won't be recovered this year. --- The most people always cut losses in the range of fluctuation, and this time I got caught again. --- Bottom divergence rebounds happen every day, the key is whether it can break through the critical level. --- Trusting Chen Theory is not as good as trusting your own speed; that's just how this market is.

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ContractTearjerker