1.28 Gold continues to rise sharply, can Bitcoin take off again?
Bitcoin is currently consolidating in the $86,000 to $88,000 range, with $88,000 becoming a key resistance level that is difficult to break in the short term. $86,300 is an important support level on the daily chart, which has provided support for 8 consecutive days. As long as this line is held, there is still hope for the bulls; if it falls deeply below this level, it will accelerate the downward trend.
Ethereum is currently fluctuating in the $2,780 to $2,900 range, with $2,900 to $2,950 forming a strong resistance zone. The key resistance at $2,950 is a watershed for the bears; if this level cannot be broken, the downward trend will continue. The $2,718 to $2,730 range is an important support area and a key position for the bulls to defend.
Operation Suggestions:
BTC $87,000-$87,500 go long, target looking at $90,000-$92,000, defend at $86,500
ETH $2,890-$2,930 go long, target looking at $3,030-$3,130, defend at $2,850
