Gu Jingci: 1.20 Bitcoin/Ethereum Evening Market Analysis

Bitcoin/Ethereum opened the day with a continuous decline. Over the past few days, from the highs of 97,000 and 3,400 respectively, they retraced to the current lows of 89,800 and 2,993. The retracement has been relatively significant. Our long positions set during the retracement also incurred considerable losses. In fact, after the initial drop, Bitcoin has been fluctuating between 90,500 and 91,000 without falling much further, while Ethereum experienced a relatively larger overall decline. The market is under overall pressure and weakening, showing a pattern of "weak rebounds and oscillating downward," mainly influenced by macro factors such as US-EU tariff disputes. Currently, at this position, tonight and early morning, pay attention to the support levels at 89,500 and 2,970, which are previous lows after multiple tests. If the support holds, the market could form a significant rebound and rally.

Evening Trading Suggestions: For Bitcoin, continue to go long near the current price of 90,000-90,500, with targets around 92,000-93,000; for Ethereum, go long near 3,000-3,020, with targets around 3,100-3,150.

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