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Market Analysis for the Evening of January 29th
I. Market Analysis
In the evening, Bitcoin hovers around 88,000, with support at 87,700. If it stabilizes above 88,715, it can break through the upper resistance; second, ETH follows the trend, relying on support at 2900-2910. Standing firm at 2990 can help it shed weakness. The two move in tandem, leaning towards bullishness. With capital support, the pullback space is limited, prioritizing long positions.
II. Live Trading Strategies
Bitcoin
Direction: Bullish
Entry Range: 87,700-87,900; follow up if it stabilizes above 88,715
Target Range: 88,700-89,000; 89,400-89,500
ETH
Direction: Bullish
Entry Range: 2900-2910; follow up if it stabilizes above 2990
Target Range: 2990-3000; 3030-3035