Track real-time hotspots in the cryptocurrency circle, seize the best trading opportunities. Today is Thursday, January 23, 2025. I am Wang Yi Bo! Good morning, everyone in the cryptocurrency community ☀ Hardcore fan check-in 👍 Like and make big money 🍗🍗🌹🌹

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Overnight, the three major indices collectively closed higher, with the Nasdaq up 1.28%, reclaiming the 20,000-point mark, the S&P 500 up 0.61%, and the Dow up 0.30%. The cryptocurrency market is in a narrow range of fluctuations. After a significant volatility on the day Trump took office, the market entered a phase of consolidation, oscillation, and repair. Many friends are wondering why the price did not soar when Trump took office. For the subsequent market, from this moment on, any remarks by Trump about the cryptocurrency industry would be positive. If Trump continues to focus on the mainstream, the market will be purely driven by sentiment, and the ups and downs will be within the scope of technical analysis. Is there a possibility of negative news? It's hard to imagine what negative news would look like. The foreseeable negative news at the moment is the approval by the US judicial authorities to sell the confiscated bitcoins. Will there be further action? Can Trump keep his promise not to sell any bitcoins? There's no definitive answer to these questions. January 2025 is also coming to an end. Adjust your mindset and pay attention to the changes in the news. It's time to selectively build positions.
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The overall trend of Bitcoin's intraday market is showing a weak and volatile situation. The price climbed from the high point of 107,215 and then retraced under pressure, gradually moving downward without a strong rebound force to reverse this trend. It reached a low of around 103,236. Although there was a rebound in the early morning, when viewed from the daily chart, the strength of this rebound is obviously insufficient to break through the previous high point pressure. In terms of the overall situation, the market for Bitcoin is still maintaining a volatile trend. Further analysis shows that the support level is roughly in the range of 102,200 to 101,500. If the price can find effective support at this level, there may still be an opportunity to accumulate strength and seek a breakthrough in subsequent market movements.
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The trend of Ethereum maintains a synchronous rhythm. Ethereum hit a high of 3367 within the day, but then gradually slid due to the overall market atmosphere, touching a low of 3221. The price gradually approaches the short-term suppression zone upwards, and downward observation reveals solid support at various medium and long-term levels. Let's look at the trend range from 1H to 4H. After a slight increase in the early morning, the price fell for a whole day. From a technical analysis perspective, this slight retracement is actually beneficial for the repair of the moving average system.