1.15 Thursday Market Analysis:



1. Macro Aspect: Although the US stock and crypto sectors are rising, Bitcoin and Ethereum both showed signs of retreat after early gains, indicating significant selling pressure above and waning willingness of funds to chase higher prices.
2. News Aspect: While US PPI data has rebounded, overall inflation remains controllable. However, market expectations for rate cuts are being delayed, making it unlikely for large-scale capital inflows in the short term, and a sideways consolidation is most probable.
3. Technical Aspect (Focus): The current market trend is not very healthy. A bearish divergence appears on the 1-hour chart, a double top structure is forming on the 4-hour chart, and the daily chart is attempting to break through moving averages but faces resistance. Multi-timeframe resonance indicates a bearish outlook, a typical false breakout pattern.
4. Trading Suggestions:
ETH is likely to form an M-top and then decline. Do not bet on a breakout; the intra-day strategy should mainly be short with some long positions as a supplement. Consider short positions near resistance levels to capture a pullback profit. If the key support is broken, the downside space is large, and the risk-reward ratio is very favorable. Place stop-loss slightly above the resistance level, aiming for a small bet for a big gain.
ETH: Short around 3350, stop-loss at 3410, take profit at 3250-3200.
BTC-0,14%
ETH0,49%
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