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.
BTC-2.61%
ETH-4.06%
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tokenomics_truthervip
· 8h ago
Wait, does MACD contraction mean an adjustment? I've heard this trick a hundred times; every time they say it needs to retrace, but it always rebounds in the end. I really can't take it anymore.
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AirdropHunterWangvip
· 17h ago
I've had my eye on the 91,800 to 92,300 range for a while. Once it breaks, I'll act immediately. The Federal Reserve is starting to stir up trouble again.
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OnchainDetectiveBingvip
· 01-07 02:49
It's that MACD contraction again; this correction has been quite intense.
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MerkleDreamervip
· 01-07 02:41
I'm also watching the 91800 level, just worried it won't break down, and then everything will be chaotic again.
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0xSoullessvip
· 01-07 02:39
It's the same old story, with arguments supporting and resisting pressure one after another. In the end, it still depends on the Federal Reserve's stance—that's the real pressure.
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UncommonNPCvip
· 01-07 02:38
You're cutting my leeks again, entering a long position at 91,800, huh? I bet five bucks it'll definitely hit 89,000.
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