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BTC and ETH continue to show weak consolidation with decreasing volume. On the first day of the new year, prices surged then pulled back, remaining in a weak structure characterized by "higher points moving down and lower points oscillating." Liquidity remains low, which could amplify volatility.
(BTC) Current price: approximately $87,700, a slight decrease of about 0.3%-0.9% over 24 hours, with intraday fluctuations between $87,200 and $88,100.
Key levels: support at $87,000-$86,500 (if broken, look for $86,000-$85,000); resistance at $88,500-$89,000 (if stabilized, target $89,500-$90,000).
Technical analysis: Daily Bollinger Bands are narrowing; 4-hour RSI is neutral to slightly bearish with lower highs; rebound momentum is insufficient, selling pressure remains.
Morning outlook: Likely to fluctuate narrowly between $87,000 and $88,500; if volume increases and breaks below $87,000, the risk of a pullback rises.
Strategy: Maintain a light position, consider small long positions around $87,000 with a stop-loss at $86,500; if resistance at $88,500 is encountered, consider small short positions with a stop-loss at $89,000.
(ETH) Current price: approximately $3,000, a slight decrease of about 0.1%-0.5% over 24 hours, with intraday fluctuations between $2,950 and $3,005.
Key levels: support at $2,950-$2,920 (defense at $2,900-$2,880); resistance at $2,980-$3,000 (if stabilized, target $3,040-$3,080).
Technical analysis: 4-hour chart shows a downward channel; heavy selling pressure at the $3,000 mark; trading volume is shrinking; bulls and bears are temporarily balanced.
Morning outlook: Likely to consolidate between $2,970 and $3,040, with difficulty breaking above $3,050; a break below $2,920 could accelerate downward movement.
Strategy: Range trading—buy near support at $2,950 with a stop-loss at $2,920; consider short positions near resistance at $3,040 with a stop-loss at $3,060.