The trend direction of the entire market mentioned earlier this morning has almost been in line with our expectations. Bitcoin has once again approached the key resistance level around 71000. Whether it can hold this level is crucial for reaching our next target of 76000, and it is also key to breaking out of this wide-ranging volatile market.

The arrival of the Lantern Festival also means that the flavor of the New Year is approaching its end. Today, I have returned to my job, and the frequency of updates will be more frequent. However, in the current market, there aren't many opportunities to seize. Bitcoin and Ethereum are still in a wide range of fluctuations, which makes it difficult to break out.

The entire market is experiencing significant turmoil due to the influence of war. They continue to fight, and retail investors are buying in. Currently, Bitcoin's shape is quite good, breaking through the wide range of fluctuations at 71,000. This month, it may rebound to around 76,000, which is what we can see at the moment.

Last time Ethereum broke through the resistance at 2,150, it was pushed back down. Currently, the bottom is still lowering, and the position at 2,150 has also been pushed down to around 2,100. Without enough rebound strength, it is likely that it will only touch around 2,100 before falling back.

$ETH

#BTC走势分析
#ETH trend analysis