Overnight, the three major indices collectively rose, with the Nasdaq rising by 1.28%, reclaiming the 20,000 point mark, the S&P 500 rising by 0.61%, and the Dow rising by 0.30%. The crypto market is in a narrow range of fluctuations. After the significant fluctuations in the market on the day Trump took office, the market data entered a phase of consolidation, oscillation, and recovery. Many friends are questioning why the price has not risen significantly since Trump took office. From now on, if Trump makes any remarks about the encryption industry, it will be considered Favourable Information. If Trump is busy with the main line, then the market is purely driven by sentiment, and the rise and fall are within the scope of technical analysis. Can Unfavourable Information occur? It is hard to imagine what Unfavourable Information might look like. Currently, the only conceivable Unfavourable Information would be the approval by US judicial agencies to sell the confiscated BTC. Will there be further action? Can Trump keep his promise not to sell any BTC? There is no definite answer. As January 2025 draws to a close, adjust your mindset and follow the changes in the news. It's time to selectively Build a Position.

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The overall trend of BTC's intraday market shows a weak and fluctuating trend. The price climbed from the high point of 107215 and then experienced a pullback, gradually declining without a strong rebound to reverse this trend. The lowest point reached 103236. Although there was a rebound in the market in the early morning, from the perspective of the daily chart, the strength of this rebound is obviously not enough to break through the previous high point suppression. In terms of the overall situation, Bitcoin is still maintaining a fluctuating trend. Further analysis shows that the support level is roughly in the range of 102200-101500. If the price can get effective support at this level, there may be an opportunity to accumulate strength in the subsequent market and seek a breakthrough.
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The trend of Ethereum maintains a synchronous pace. Ethereum reached the high point of 3367 within the day, but was gradually affected by the overall market sentiment and gradually slipped, with the lowest point touching the 3221 level. The price is gradually approaching the short-term resistance zone. Looking down, we can see that solid support exists at various levels of medium and long-term. Let's look at the trend range from 1H to 4H. After experiencing a small rise in the early morning, the price fell for a whole day. From the perspective of technical analysis, this kind of small retracement is actually beneficial for the repair of the moving average system.