Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Monday, January 27, 2025, I am Wang Yibo! Good morning, coin friends☀hardcore fan check-in👍like and get rich🍗🍗🌹🌹

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The weekend has come to an end, and the overall market is as we expected. The cryptocurrency prices are mainly fluctuating without significant volatility. The current market still faces uncertainty and unexpected variables. This week, the Federal Reserve's interest rate meeting (January 28th-29th) will determine whether there will be an interest rate cut in January and the monetary policy stance signaled by Powell. President Trump will demand an immediate interest rate cut and call for the world to follow suit. The PCE data of the US will be released on Friday. This cryptocurrency market, which is filled with uncertainty and disrupted by certain individuals, is currently at a crossroads. Therefore, the period before the Spring Festival will be characterized by fluctuations that may cause panic, making people think that the bull market has ended. I, as a professional, am looking forward to the market after the Spring Festival. However, there will be differentiation, especially for spot trading and altcoin varieties. Your success in selecting the right sector will depend on your proficiency!
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The overnight price of Bitcoin started from the high point of 105229, enduring pressure from the market, leading to a retracement trend. This retracement gradually progressed, eventually falling back to the position of 102627. From the perspective of the 4-hour chart, the price trend in the early stage showed a rapid decline, followed by a slow downward channel, and finally a complex form of the last major decline. After reaching a phase low, the price rebounded rapidly. However, considering various technical indicators and market sentiment, the overall trend suggests that any further retreat in price would be based on the rebound, so we can still participate in low positions.
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The Ethereum market is also keeping pace with Bitcoin. The price has experienced a pullback, falling to a low of 3235. Looking at the 4-hour chart, the candlesticks were rejected at the upper band after testing, and continued to oscillate with small candlesticks. During this process, the price found support around the short-term moving average and the middle band, providing some stability for the market. However, the Bollinger Bands are starting to contract, and the short-term moving average is running around the middle band, which may indicate that the market is entering a relatively narrow range of volatility. Overall, it is highly likely that the Bitcoin market will continue to fluctuate within the range in the short term. On the upside, attention should be paid to the upper band of the 4-hour chart, as well as the resistance around the previous high.