#美国核心物价涨幅不及市场预估 January 20 midday market quick read

**Bitcoin Trend Observation**

Bitcoin is still moving within that narrow range, repeatedly testing between 92156 and 93287. The short-term direction has not been fully confirmed yet. At such times, patience is key; wait until the trend truly breaks before taking action.

Reviewing yesterday’s market, after a dip there was a rebound, and it temporarily broke through the resistance level at 92812, seeming to want to punch through. However, it failed to stabilize and even more so, didn’t reach the critical resistance line at 93605. Afterwards, it repeatedly tested around 92812 three times, and finally broke below. Currently, the price is hovering near the previous low, which has not been broken yet. Whether a double bottom pattern can form here is crucial; if it stabilizes, that’s a good sign of a rebound. Conversely, if the previous low is lost, the next support is at 90068, and it could continue downward.

In the short term, can 92812 hold? That’s the foundation for a rebound. To open up upside space, it must break through 93605 and create a new high for the stage. If it just consolidates sideways, then be prepared for oscillation within the very narrow range of 91821 to 92812.

**Practical Trading Ideas**

A volume breakout above 92812 signals a long entry, targeting 93605 to 94530. Conversely, a volume breakdown below 91821 with a failed rebound indicates a short position, targeting 90775 to 89230. Reminder: the previous low is a key support line. If it truly breaks below 90068, the downtrend is confirmed.

Resistance levels: 92812, 93605, 94530
Support levels: 91788, 90976, 90066

**Ethereum Analysis**

After the flag pattern break of ETH, it did not continue to fall sharply. Instead, it formed four consecutive doji candles, indicating a tug-of-war between bulls and bears, and it looks like a direction will be chosen soon.

The current critical level is clear: if it recovers above 3219, it may stop the decline and rebound; if it falls below 3170, it will return to the previous consolidation zone and continue bottoming out.

**Trading Suggestions**

A volume breakout above 3200 can be entered on the long side, targeting 3222 to 3263. If it stabilizes above 3263, hold the position; if not, try a light short at 3263 with a stop-loss at 3300.

A volume breakdown below 3175 signals a short entry, with a tight stop-loss.

If it retraces to 3129 and confirms support is effective, go long with a stop-loss at 3089.

For those looking to position early, place a long order at 3066 with a stop-loss at 3020.

Resistance levels: 3200, 3222, 3263
Support levels: 3177, 3131, 3085
On the 4-hour chart, if it breaks below 3176, expect a move down to 3133–3089.

**Summary in one sentence**: Currently, observing the market is more valuable than rushing in blindly. Wait until the trend truly breaks before acting; the clearer the signal, the better the move.