Thursday🗓️ "January 29"

Today, both major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) showed a rally followed by a pullback.

The current macro environment is becoming more cautious, with the Federal Reserve maintaining interest rates at 3.5%-3.75%, adopting a hawkish stance. Geopolitical tensions are driving gold prices higher, and capital flow diversion effects are evident. In the short term, the market is mainly volatile with a slight bearish bias. It is recommended to use key breakout levels as guidance. Attention should be paid to the upcoming expiration of $10.8 billion worth of Bitcoin options on January 30, which may increase market volatility.

Technical Key Points
Bitcoin (BTC)
BTC daily chart shows a consolidation with decreasing volume, with price under pressure at the middle band of the Bollinger Bands. The moving averages are arranged in a bearish configuration. On the 4-hour chart, MACD momentum continues to weaken, with insufficient rebound strength. Key resistance zones are at 89,000-90,000-90,500.
$BTC
Bitcoin BTC 88,800-89,000 target 88,000-87,500. If broken, further focus on 87,000-86,500 area.

Ethereum (ETH)
ETH's recent movement is highly correlated with Bitcoin, with the daily chart showing pressure at the middle Bollinger Band, following BTC's weak trend. No signs of independent strength are present. On the 4-hour chart, overall indicators are bearish, with key resistance zones at 3,000-3,050-3,100.
$ETH
Ethereum ETH 2,980-3,000 target 2,950-2,930. If broken, watch the 2,900-2,880 area.
In terms of trading strategy, it is recommended to adopt a range-bound approach, employing a buy low, sell high strategy, and strictly setting stop-losses. The market remains cautious; it is advisable to wait for clear stabilization signals before making positions. Avoid blindly bottom-fishing; wait for market confirmation before deploying. For specific price movements, please refer to Ziqing's real-time market updates.

The market is always full of uncertainties. May you stay true to your original intention through every fluctuation, and make decisive choices with every opportunity. Remember: controlling risk is more important than pursuing profit. Protect your principal to enjoy the long-term gains. Wishing all crypto friends keen insight and calm deployment in the upcoming market, with wealth flowing in and your account shining brightly! #美联储利率维持不变