2026.1.30 Market Analysis:

Bitcoin experienced a new round of decline at the end of this month. The market started to fall during yesterday's evening session, with the lowest dropping to around 81,000 today. Currently, the market quotes at 82,700. From a monthly chart perspective, the market's trend and pattern are basically in line with expectations, although the time cycle has been extended. The overall naked K-line pattern is relatively standard, showing a rebound under pressure and a downward trend. On the monthly level, the strong resistance above is undeniable, including the MA5 moving average for next month. The support level is around 75,000 below, with no obvious support in between. The high opening and upward push this month failed to break through the strong resistance, leading to a trend where both this month and next month should mainly be rebounds followed by short positions.

Looking at the weekly and 3-day charts, the market opened high this week and attempted to push towards 90,500 but failed to stabilize. This caused the MACD green segment on the 3-day chart to rise without a follow-through, and the green MACD started to shrink. It is highly likely that the green will turn red below zero, forming a color switch in the MACD histogram. This results in the weekly MACD approaching a mild bullish phase near the zero line, with the yellow-white line further declining into the weak zone.

On the daily chart, both recent bearish candles have large declines. However, due to the new downward trend, the RSI has become saturated and reached the oversold zone. Additionally, because the short-term decline has been rapid, the RSI on smaller timeframes are all in overbought conditions, prompting a switch to the monthly chart soon. The next couple of days are weekends, and the market will mainly fluctuate and rebound to accommodate the high opening and subsequent pressure, leading to another downward movement. Therefore, today and early next month, the market will mainly fluctuate and rebound. After the high opening next month, the overall trend will be mainly short positions. Key resistance levels above are 84,800 and 87,000, while support levels below are 80,000 and 75,000.

Ethereum's market pattern is similar to Bitcoin's. After failing to break above the MA5 this month, the market has resumed a correction. Today’s lowest was near 2,670, with a decline of about 400 dollars over the past two days, a significant drop. However, as time progresses and the smaller timeframes reach saturation at the bottom, the short-term trend should mainly be a consolidation and rebound. After the high opening next month, further decline can only be confirmed if the pressure persists. Short-term resistance levels for ETH are 2,770 and 2,830, while support levels are 2,580 and 2,170.