Market Technical Analysis Report for January 20th



Technical Breakdown: The MACD is still oscillating below the zero line, trading volume is rising, and the fast and slow lines have already diverged for the second time—this situation mostly indicates that the previous downtrend is weakening, but it could also accelerate downward. Meanwhile, both the KDJ and RSI are turning downward, with all four major indicators signaling bearishness, which is a very clear signal.

From the overall market pattern, short-term resistance is indeed significant. The rebounds are coming one after another, but none are sustained, and the technical signals are overwhelmingly bearish.

Trading Advice: Today, consider shorting on rallies.

Key Levels:
BTC rebounds to the 92800-93300 range, consider short positions targeting 90500
ETH rebounds to the 3210-3230 range, consider short positions aiming at 3070

Currently, with US core CPI below expectations, market sentiment has shifted, but the technical outlook remains weak.
BTC-0.25%
ETH1.36%
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