1.19

BTC
Since the 15th, I have mentioned that even if the price rises from this level, it is still risky. This morning, I saw two candlesticks with long wicks, indicating that the market is moving as we expected, and also warning of potential risks at high levels. Currently, from the weekly chart perspective, this level indeed faces resistance. After breaking the trend line three years ago, to sustain the rally, a strong bullish candle is necessary. Without it, attention should be paid to the weekly chart's downward trend. Intraday, watch whether the 92,000 level can hold and whether the price can smoothly bottom out. If not, keep an eye on the important support at 90,000. In summary, intraday there may be a rebound after overselling, but the rebound should focus on whether the 93,800 level can be surpassed. If it cannot, a further decline is likely, with support at 92,000-90,000 and resistance at 93,800-94,000.

ETH
Ethereum has also not completed a pullback in recent days, and I reminded everyone about the resistance at 3,365. Yesterday, after reaching that level, the price dropped sharply. The support at 3,175 I mentioned was also hit. Similarly, for the current bullish trend to continue, focus on whether the 3,175 level can hold and whether the price can bottom out smoothly at this level. If not, be aware of downside risks. In summary, even if there is an oversold rebound intraday, its strength will not be significant. Watch for a second downward test, with support at 3,175-3,070 and resistance at 3,250-3,282.