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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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The second day of the new year, and the market is finally showing some movement. After a long period of consolidation, we are finally seeing some sense of direction today. But everyone is asking themselves—can we trust this move? Let’s wait for the answer together.
**Bitcoin Situation**
The 87,300 level is critical. Recent battles between bulls and bears have all centered around this point. Bulls are pushing back from here, while bears are holding their ground. Last night, a small trend emerged, and now we’ve returned to the resistance zone that repeatedly failed in late December.
Today’s clear goal is to see if 89,400 can be broken. If that level also holds, the next hurdle is 90,150. Traders who have the upper hand should watch these two levels carefully—if broken, continue to follow the trend; if not, exit to lock in gains. Until a clear breakout occurs at key levels, it’s best to stick to a swing trading approach.
Bears are also watching these two targets. Once they can’t defend them, it’s an opportunity to enter. The market isn’t complicated—remove unnecessary ideas, and you’ll see the clear picture.
**Ethereum Situation**
2977 is the support level below. Last night, a small trend also formed. Currently, focus on three resistance levels: 3001, 3030, and 3055.
As long as it can hold steady above 3055, there’s hope for upward space. Of course, this is our expectation; whether it can be achieved depends on the market. If it can’t break through, stick to a swing trading approach.
Bears’ opportunities are near these three resistance levels. The primary target below is the support at 2977, followed by 2940 and 2900. Currently, bulls are in the lead, aiming for 3055. The rest is up to the market to decide.