1.17

BTC
Yesterday, I shared that the market would experience oscillations and a downward trend. Indeed, Bitcoin was gradually oscillating around the market, and after reaching the support level of 94,200, it rebounded. Currently, the overall market is not very good over the weekend, and in the next couple of days, we should pay attention to whether the 93,800 level can be broken. If not, the bullish trend will continue, as the overall daily chart has not yet completed its move. We are mainly observing the one-hour and four-hour retracement levels, focusing on the support below. In summary, today’s market will mainly oscillate and retrace, with support at 93,800-93,000 and resistance at 95,900-97,700.

ETH
In the short term, ETH is also oscillating around this level, currently hovering near 3,280. It is also in a retracement on the one-hour and four-hour charts. Since the retracement is not yet complete, to continue this wave of market movement, we need to watch that the price does not break below 3,200. Support levels are at 3,260-3,200-3,175, with resistance at 3,330-3,365.

SOL
Solana is relatively strong overall but still faces resistance around 146. It must stay above 140 for this wave to continue. Additionally, attention should be paid to the trends of the top two cryptocurrencies.