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The market on January 7th gave us quite a few points of interest. On the four-hour chart, Bitcoin's moving averages are still in a bullish alignment, but switching to the daily chart reveals some signs—MACD histogram is contracting, indicating a short-term correction is indeed needed.
From a price perspective, the area around 94500-95000 is a previous high zone and acts as a significant resistance. Support levels below are at 91200 and 90000, both of which are critical levels.
The approach for Bitcoin is as follows: if it retraces to around 91800-92300, consider setting up long positions with targets in the 94000-94500 range.
Ethereum's rhythm is similar: a rebound around 3180-3210 can be a good entry for longs, with targets between 3270-3300.
Recently, liquidity remains a key factor to watch, as the Federal Reserve's movements have a considerable impact on the market. When trading, remember to manage risk carefully. These levels are just references; actual operations should also consider your own risk tolerance.