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Market Observation for the Morning of January 15:
Bitcoin surged to 97,900 in the early hours and then started to pull back, currently fluctuating around 97,000. Although the upward momentum has weakened, the candlestick pattern remains intact, and the overall trend is still within an upward channel. Without any significant negative shocks, the short-term outlook remains bullish.
In the early trading phase, Bitcoin is in a consolidation state. From a technical perspective, the 96,600-96,100 range is a key support zone. A breakout upward could focus on resistance levels at 97,700-98,700.
For Ethereum, the 3,330-3,300 zone provides support. After an upward breakout, the target can gradually shift towards the 3,380-3,410 area.
Overall, there are still opportunities to go long after retesting support levels. Short-term swing trading can be closely monitored.