The intraday long positions in Bitcoin/Ethereum were stopped out as the price rapidly declined, breaking through the support levels of 2900 and 87000. Currently, the price has fallen to a low of around 85150 and 2803. Tonight and in the early morning, pay attention to the next support levels at 84000 and 2760, which are also important previous lows on the daily chart. Watch for a double bottom pattern; if it stabilizes again, the subsequent rebound could be significant. Both the 4-hour and daily charts are approaching previous lows, awaiting stabilization before a rebound. Short-term resistance levels to watch are 3050 and 90500. Trading suggestions for tonight and early morning: Bitcoin: Enter long positions around 84800-85300, with a target of 87000-88000; Ethereum: Enter long positions around 2800-2820, with a target of 2900-2950, and further upside potential if it breaks through, targeting 2760 and 84000.
Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (January 29th)
2026-01-29 15:34:44
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