Analysis of Bitcoin market trends in the afternoon of 1.10!

Good afternoon everyone, the market has once again entered a volatile situation and is still in the rebound stage. The key pressure level of 93800 has become the focus. If the four-hour K-line at 4 p.m. or 8:00 p.m. can successfully break through and stand firm at this price, it is expected to usher in a four-hour rebound. The primary resistance range for the rebound above is 95371 to 96450. Only when the price on the daily chart once again stands above 96451 can the overall market truly stabilize, otherwise the risk of a correction will still exist. The small-level support below is located at 93000. If the one-hour K-line falls below this support, this round of rebound may come to an end, and the price may once again test the range support between 91000 and 90300. As long as this range is not effectively broken, the market will remain volatile. In extreme cases, you need to pay attention to the two possible pin points of 83479 to 73648, which are suitable for spot swing trading.

As for Ethereum, its rebound appears to be relatively weak. The main rebound resistance above is 3293. Only when the four-hour K-line successfully breaks through this price, the rebound strength may be significantly enhanced. Further upward rebound resistance levels are 3354, 3412 and 3463. The small-level support below is at 3227. If the one-hour K-line falls below this support again, it indicates that the current rebound may have ended, and the next target support levels are 3155, 3104 and 3021.

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