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1.15 Daily Market Analysis📊
Dear friends, I woke up early today and went for a 🐎 ride. Wishing everyone a prosperous Year of the Horse!
As expected, the market has reached around 98,000. Have you entered long-term short positions? In the coming days, expect a second surge higher, continue to short!
⚠️ Intraday support: 94500~93200
⚠️ Resistance above: 97930~Watch for a break and then around 99800
Currently, market sentiment seems to be overwhelmingly bullish. The more confident they are, the more important it is to set proper stop-losses when going long, otherwise, hanging at the top can be very uncomfortable!
ETH
The third-party pressure at 3400 has also been reached. Short-term resistance is at 3400~3450. You can continue to try shorting within this range, controlling your position size,
Defensive resistance is around 3650,
⚠️ Intraday pullback support: 3253~3200
SOL
SOL has not broken through the second surge resistance at 148,
⚠️ Short-term resistance remains at 148-150,
Breakthrough targets 155~157 strong resistance,
⚠️ Intraday pullback support: 140. As long as it does not fall below this level, the market remains bullish. Only a break below this level will weaken the bullish trend,
Support below is at 137~135.